Australian (ASX) Stock Market Forum

XMJ (Materials Index) double top?

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12 April 2005
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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?

XMJchart.jpg
 

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

Cheers,
 
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