Tag: asx 200 index
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Australian Market (XJO) Daily – 5351.6 – 23.10.15. For the second week in a row Monday was an inside day, but this time forming a Doji. It was Tuesday that confirmed a down day and the potential third top of the Triple Top mentioned last week. Wednesday was another down day, retracing more than 75% of the small previous up range (but not going below 5164) before closing above the open but down from the high of the day and looking like a reversal.
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Australian Market ASX XJO. We made a low on Monday (4973.4) before rallying hard for two days, reaching 5221.1 and gaining 247.7 points or 5.0%. I have spoken in previous reports about expecting volatility in our market, and this is a perfect example of that. If this wasn’t enough to convince you about expecting volatility in our market, we then fell for the next two days, dropping 167.4 points or 3.2% to round out the week. That’s a move of 8.2% up and back for the week from Monday’s low.
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