XJO 0.10% 8,212.2 s&p/asx 200

up or down friday, page-174

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    Just one message as stll away and using son's computer.

    2 scenarios.

    1 is brief pullback and another leg up into mid Nov.

    2 and it looks neat, trendline resistance on weekly and monthly has touched and held and 8 straight up weeks is extreme and typical of major tops, Fib lines neatly line up back to 2003 with 50% at last year's correction low.

    '87 top to crash low for XJO was 29 days which equates to Nov 9, 1 day from projected crash date and must allow +/- 2.

    Final crash phase was 14 days which equates to Oct 26, which happens to equal length of 80's US bull.

    Top is 1 day over 5 years for US and was on a new moon in Oct, like '97 and other times.

    So if market can correct some, make secondary top about Oct 26 then plunge, it wold be consistent.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.