Market Comments 22/12/2010

The market index ASX200 (XJO) remains within the "zone".

RSI and Slow Stochastic are showing negatively against the Index.

Simple really. A break above the current level of resistance would be a Santa buy signal.

A break below 4737 (the recent low) would be a sell signal. The XJO is currently at 4778.

Probably another reliable guide would be a break by the Index below the 13-Day Moving Average.

It ain't broken yet.

Cheers

Red