XJO 0.50% 7,931.7 s&p/asx 200

voltaire .. who might be interested, page-12

  1. 17,444 Posts.
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    DUB

    Thanks for that info.

    I am probably just going to look in once a week and concentrate more on analysis and less on chat.

    I did really think that this move would be in the order of 25% and 3 months and maybe it will be.

    To my mind a 50% crash is not on the cards, as a quick action because momentum extremes are not there.

    This doesn't mean that a slower large correction can't occur although I would expect it a couple of years down the track.

    Still, the low did come in 155 days from the March low and although I noted the date I failed to see its significance in relation to '29 and '87 which were the same.

    So the low may be in.

    If just a retest then 40 cal days from the low has often been a higher low.

    That would be a couple of days after expiration and worth watching.

    This is not to say we can't go lower and if we don't then it would be unusual given the time and the cycles.

    The market action is mixed from my point of view.

    Locally we have a potential breakout but is more than a little suspect. Recovery has been too rapid for my liking and some consolidation would be more constructive.

    In the US things are less positive and I suspect from Wednesday, volume will return to normal and some downside action will probably be seen.

    For those suggesting I am too much into eclipses, I am not into astrology myself but have noted concurrent action at times in the past over certain periods.

    Reinforcement of ideas by others is dangerous and while valuable information from respected sources here and elsewhere are important to me, I would like to attempt a little more isolation from emotion.

    I would love to return to the days with no news which was the case when I lived in the bush.

 
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