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Tuesday, February 25, 2014

BEAR is looking to form a bottom


ASX: BEAR ETF is a hedge fund so the movement is inverse to the ASX 200. This chart has been great trading. The trends that have been forming have been quite predictable and good long legs at that, both long and short. As you can see here the RSI is right down at the bottom of the range again and we have the stochastic crossed up. We don't have a confirmed reversal yet but I expect to see one any day now. This bullish outlook on the BEAR chart confirms my observation about the potential top forming on the ASX 200.


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