Sorry folks, I can't post text. Don't know the problem - I just get the spinning wheel.
Basically - today was a reversal day down on low volume -low volume Monday? The internals were fine with the Small Ordinaries coming in at +0.8%. Advance/Decline ratio was bullish. The only negative sectors were defensives (Telecoms, Health and Utilities).
This looks like a bottoming pattern to me. I still think we're in for a short term rally.
Sorry folks, I can't post text. Don't know the problem - I just get the spinning wheel.
ReplyDeleteBasically - today was a reversal day down on low volume -low volume Monday? The internals were fine with the Small Ordinaries coming in at +0.8%. Advance/Decline ratio was bullish. The only negative sectors were defensives (Telecoms, Health and Utilities).
This looks like a bottoming pattern to me. I still think we're in for a short term rally.
Red.