We really already have had a normal ABC pattern with that Feb 1 high which was a pattern different from the second half of Dec rally in alternation as ew suggests.
Feb 10 was the higher low in 1988 and we are in the same 4 and 10 year cycle match up so that could be the low again but I have my doubts.
I know Mclaren sugests 2 or 3 rally peaks are the norm so if we presume we have had 2 then one more fits his ideas but probably not ew, although historical observation certainly matches Mac's idea.
discombombulated thursday, page-10
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |