XJO 0.80% 7,733.7 s&p/asx 200

XJO Weekend Charting and Chat - 10 November 2017, page-9

  1. 17,444 Posts.
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    What's the odds ?

    The SPI topped on 6/10/87 with a huge range day with wild volatility during the day. 14 days later the market crashed on Armstrong's change in trend left shoulder of his H&S 8.6 year model on 20/10/87.

    On the 9/11/17 the Nikkei topped with a huge range day with wild volatility during the day and yes its 14 days till the Armstrong change in trend right shoulder on 22-23/11/17.

    2 weeks seems a short time to crash but it did for us in '87.

    The period Sep 2000 to Nov 2002 was an Armstrong right arm or completion, which was pretty handy for US traders.

    That matches this time with Nov 2017 to Jan 2020.
 
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