XJO 0.42% 7,979.5 s&p/asx 200

short the rallies dont buy the dips you drips, page-9

  1. 17,444 Posts.
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    Biscuit

    Not really.

    The is one last scenario that would be a disaster.

    If we go beserk and race to a new all time in the SPI in just a few days (the XJO may just double top) leaving this big gap and maybe even another then we have an Oct 89 type setup.

    Then invariably leed to a mini crash to not only fill the gaps but to go considerablt lower than we have been.

    In fact probably double the drop so XJO around 4300. All this would be accomplshed in 2 or 3 weeks.

    The first big jump up then was the last day of Sep and this last day of June so there is some similarities, but lets see what the next few days brings first.
 
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