XJO 0.13% 8,255.6 s&p/asx 200

monday trading, page-29

  1. 17,444 Posts.
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    Hardball

    There is come fightin' words in there, lol.

    When ever someone says they can't do something and don't believe any else can either, I wonder.

    Timing is imperfect but I have seen too much to say it can't be done often, and of course price consideration and market action is a confirmation or not.

    For instance I mentioned the exact 1484 day botton to 13/03/03 low. It was also 392 cal days or 1 Armstrong leg from our 2002 top. So a double timing event and both exact to the day.

    Mclaren whose statement I mentioned does work on indices and not individual stocks.

    It was his expectation here that resistance would slightly be broken to the upside for the best topping action on SPX.

 
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