Very nice piece of analysis Sandash (both the EW analysis and the BMI/old gym junkie analysis). If your EW cycle is correct then it is rather a bullish view, because it suggests there's still some way to go in the current wave 3. It will be interesting to see how that plays out given both banking & mining sectors (the bulk of the XAO/XJO weightings) are both struggling & difficult to see what is going to change that in the near term.
Cheers, Sharks.
Weekend Charting and Chat - 28 August 2015, page-31
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Last
8,045.1 |
Change
-26.300(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,071.4 | 8,071.4 | 8,017.7 |
| XJO (ASX) Chart |