The Brains Trust, page-14784

The word that kept repeating in my head today was fudge, started when I saw the overnight figures and continued all day.  Draw you own conclusions, but fudge was having its day.

After our miracle overnight record breaking effort, our index couldn't help itself could it.  So how did it go?  Great question.  

If I look at my weekly XAO chart, which I regularly refer to here, price once again tapped out right on my Reaction line, shocking, I know, but true.

XJO taps out exactly under the lower tyne of a four year old fork. 

XFJ tapped out exactly under the lower tyne of a year old fork,  and although CBA is keen to show everyone that the rooster is back, it just completed a second shoulder of a mini H&S pattern within the massive overarching H&S that watches over this stock.  MQG put in a rather pathetic effort, closing near its lows, after failing at a long-term line.  Nothing to see here.

XMJ had a super day, and it needed to, as our weightlifting team needs all the help it can get.  BHP kicked a goal, and went out of the range that I was concerned about, but it turned out to be an upthrust, that on the surface appears to be part of the pattern I mentioned.  RIO, not to be outdone, bolted up, finished with an upthrust and also completed a H&S within the overarching H&S.

Great to see some goldies having a go today, but all in all, fudge anyone?