Australian (ASX) Stock Market Forum

Reply to thread

Tech. running super hot.


[ATTACH=full]104303[/ATTACH] [ATTACH=full]104304[/ATTACH] [ATTACH=full]104305[/ATTACH] 


The Tech. sector has its 50SMA crossing the 200SMA while the broader market lags behind still waiting for the 20SMA to cross. Tech. when it pulls back will pull back to the 20SMA. As other sectors' 20SMA cross the 200SMA, we'll have a broader based pullback. This will not invalidate the 'new trend'. 


The 'Bounce' is dead. Long live the Trend.


jog on

duc


Top