There seem to be a definite sell signal on the stocks looking at DJ and SPX..
Explanation within the charts..
IF the stocks esp DJ since it is showing a median within a bigger channel breaks under 12910 would expect AUD to fall under 10650-53 supp... A fall on DJ under 12910 is expected to come min to 12875-80 for that matter AUD to come to around 10600 supp.. These later lvls on both the pair are confirmation lvls where if they fall under we can expect the fall to continue and go deeper..
IF the bounces are coming and heads back above their earlier mentioned supp than be expecting a move back up back to the highs..
GL...
Comment by naivetrader1 on February 22, 2012 at 9:19am Like ur charts. Excellent!!!
Comment by Tahir Khan on February 22, 2012 at 9:25am thnx,,,,
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