Thursday, July 22, 2010

Market Comments 22/7/2010


The Australian Market (XAO) remains indecisive. The Slow Stochastic and the RSI are about their mid-lines. The MACD Histogram continues to narrow and sit around the Zero Line.

Volume remains low. Investors are just not interested in this market.

Sleepy markets invariably resolve into strong moves one way or the other.

Watch for an increase in volume.

Cheers
Red

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