XMJ (Materials Index) double top? - Aussie Stock Forums

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  1. #1

    Default XMJ (Materials Index) double top?

    Looks like a double top forming on XMJ, but perhaps the tops are to far apart?

    I've got out/lightened on a few resource stocks over last few weeks but now I'm thinking we may be just short of a commodity correction again.

    Thoughts anyone?

    Never argue with an idiot. They bring you down to their level and beat you with experience.

  2. #2
    Hatchet Moderator doctorj's Avatar
    Join Date
    Jan 2005

    Default Re: XMJ (Materials Index) double top?

    Could be the charts setting up for the old 'sell in may and go away'.

  3. #3
    CanOz's Avatar
    Join Date
    Jul 2006
    Sunny Brisbane
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    Default Re: XMJ (Materials Index) double top?

    Good grief BVB, have a little price action with your indicators! Wait i think you missed one....hmmm no its there.

    Sorry i just couldn't resist.

    "Dump everything aggressively. Take the price to a place where it trades" - Michael Platt - Hedge Fund Market Wizards

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