Looking at the Dow I think I see how rallies work.
After a low you bounce to the midpoint of the previous rally where you also find a common ma.
This time it was the 50 ma.
So if we go down to the lows or lower then the bounce is to about 12950 to the 200 ma.
Maybe.
sub prime victim basis yield alpha, page-40
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |