XJO points to retest upper resistance.
The acceleration of the recent rally can be well attributed to the sell-off scenario and low volumes look very suspicious, it will well exhaust RSI by the time reaching it and drain out the last value investors. The general down trend still in play.
6 months
20140210 XJO 12 monthsl channels
12 months
20140210 XJO 6 monthsl channels

Despite I expected lower bounce level the short position has been played out ok and closed now.
MQG, CBA closed at SL.
RIO still consolidates and short position is neutral
Keeping an eye on the overbought NCM and progress of MQG decline to re-enter.
WTIC is not yet confirmed.
AUD is well in progress aiming .92 and not wellbaked for reversal.