Showing posts with label XA0 Chart. Moving Averages. Sell Signal.. Show all posts
Showing posts with label XA0 Chart. Moving Averages. Sell Signal.. Show all posts

Sunday, December 13, 2009

XAO Chart, 14/12/09















The chart line barely moved today with the XAO up just +0.4%. It remains within the sideways-to-down counter trend move in existence since mid-October.

Today we say the 13-Day SMA cross below the 65-Day SMA. That is bearish; but while the market is rising (past two days) that negates the signal. A fall below Friday's low would be a sell signal.