Today was an interesting day on the market. The XAO was down marginally -0.08% after being up in early trade. You may remember that I said this morning that the next level of resistance was 4948. Well, the XAO hit exactly 4948 in early morning trade and then fell. Uncanny. (X-Files Theme please Maestro.)
Volume today was high - the highest since the 1st December 2010.
Exactly three calendar months on the button.
(X-Files Theme please Maestro.)
If you remember, 1 December 2010 started the big run-up which lasted and lasted and lasted.
(Energiser Bunny Theme please Maestro.)
So - will history repeat?
Tomorrow might tell us.
If tomorrow is up - then I think March will repeat history - and continue the march upwards of the market. (Sorry about that pun.)
If tomorrow is down, particularly on good volume, then the market could well be down for the coming month.
Which way?
Probably up, given this is the beginning of the month, and the beginning of the month is usually positive.
We shall see.
Now to really, really important matters. I've had feed back about the design of the blog templates.
For some time, I used the black background with a white type face. The feed back was that this was tiring on the eyes.
I chose that format because it was dramatic - but I have to agree with the reader's feed back that it didn't make for the easiest reading experience.
I then changed the background - with bird's flying off to the right. No complaint about the imagery - but the colour was a bit off-putting.
So - I've changed the colour.
What's the feedback?
Remember - on a blog, the blogger only has a very narrow range of templates to choose from. And none of them will please everybody.
But I'd value your feedback. Use the comments section provided. Thanks.
Good luck
Red
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