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Market direction

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Cobra View Drop Down
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Joined: 08 Nov 2004
Location: Australia
Posts: 76
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    Posted: 13 Jul 2005 at 2:14am
Some ominous chart patterns emerging lately. Looking at the XAO, still waiting to see if the recent run up is just a bear trap or something with a bit more substance. With the XAO being unsuccessfull in attempts to break past the highs in March for the last few weeks may indicate this rally will fizzle out. Too early to suggest a double top formation?? But watch out if it does tank.

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