XJO
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0.81% 7,971.6 s&p/asx 200

again easy short on the pop rallies, page-16

  1. Dirwood
    1,044 Posts.
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    16/08/06
    11:44
    Post #: 1739927
    Voltaire

    Nice spotting

    energe

    The Elchagie Indicator was invented by Hot Copper participants. It is essentially a binary contrarian indicator. If a post from elchagie is spotted on the XJO thread then Elchagie Indicator = TRUE. This means the market is turning bearish and a 20 + point drop is imminent. It has been utitlised by myself and temp and others on hot copper over the past 3 months to gret success. There will be a reference on Wikipedia and other trading web sites soon.
    XJO Value at posting: 0.00
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    lightbulb Created with Sketch.  Great analysis
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