Sunday, December 13, 2009

XAO Chart, 14/12/09















The chart line barely moved today with the XAO up just +0.4%. It remains within the sideways-to-down counter trend move in existence since mid-October.

Today we say the 13-Day SMA cross below the 65-Day SMA. That is bearish; but while the market is rising (past two days) that negates the signal. A fall below Friday's low would be a sell signal.

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