boom boom boom almost 11000, page-7

  1. JC2
    4,397 Posts.
    Sabretoothed

    Seasonally you are right.

    Maybe I have been in the game too long, but I keep thinking that once you educate the masses you can then fleece them.

    Everyone knows that you buy November and sell May.

    When everyone knows that it ain't going to work no more. At least till they loose that conviction.

    The XAO topped at exactly twice it's '87 high and I had several other calcs that gave me the 30/09/05 top.

    It should be of significant importance. That doesn't mean it can't be breached but I am still wary.

    1150 XAO multiples are important.

    1150 is '87 low.

    2300 is '87 and '94 highs.

    3450 is '02 high.

    4600 was '05 high.

    To be exact '87 high was 2312 and '05 was 4625. That is exactly double close enough.

    That suggests more than a 3 week pullback. We shall see.
 
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