The XAO is sitting on 4500 - critical resistance. So - the market was down 3.1% today. Sounds like a blood bath.
Was it?
Have a look at the volume chart.
Huge down days should be accompanied by huge volume? Right.
Not this time.
It looks to me like the mouse that roared.
The week before last we saw big down volume on the down days. Today (and Friday) we didn't. Go figure.
It looks like a case of "cowardy, cowardy custard" to me.
Cheers
Red
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