XJO 0.81% 7,971.6 s&p/asx 200

monday trading, page-86

  1. 17,444 Posts.
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    I know SanFelipe is watching Nov 26 (I have 27th) as one Armstrong leg (392 cal days) from the high of Nov 1 last year.

    That was the duration exactly of the 2002/3 decline for our market.

    I also split the 8.6 year cycle into 1/8ths and 1/12ths, which gives something like Ganns 1/8ths and 1/3rds as 4/12ths is 1/3rd.

    I have been using those measures from the 13/03/03 low and we are approaching 2/3rds.

    I have fiddled with a fraction of a day between 186 and 187 trading days I think it was and both seemed to work pretty well but perhaps less so as we get further from 2003.

    Anyway the end result is that from the high, Thursday can be a low and from the bottom I think tomorrow or Wednesday can be a low and then Dec 5 or Wednesday week.

    These dates seem to fit Laundry's late Nov/early Dec low scenario.

    The most frustrating thing at the moment is not having multi confirmation in price and times, so simplest to go with the flow or mechanical means.

 
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