Is The All-Share Index (ASX) Graph Sending Us a Message?
The ASX closed down 51.73points (-1.55%) on Friday, making it the third consecutive down day in a row. "So what" you say. Well, normally, I wouldn't be to worried about this but it may pay us DIY-Investors to look a bit more closely and pay attention to the Technical Analysis...
For those of you not familiar with "Mick's Rubber Band", you can find out more inside the members area of the DIY-Investors Website.
For those of you that are already members of the DIY-Investors Inner Circle, Mick has posted a VideoCast on this topic HERE.
With the 50 day moving average breached and the nervousness about the North Korean news, will the Index drop to the 200 day moving average (or below)? What do you think?
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