morning all. a bit of talk about the 200 dma and about moon stuff being complicated prompted me to make this comparison. Based on the fact we are at the full moon we may be doing a "May 08"
last May the spx made it's first high on may 2. it got within a whisker of the 200dma but was turned back by the channel top. The second attempt on the 19th saw the 200 dma hit which well and truly ended the rally.
I could see the spx heading back to the bottom of the channel from here (880ish). the next rise to the top could be end of May where it would hit the 200dma. That would line up with Laundry's approx date for the end of his T which began on 8th december and may even possibly be at my magic may 29th..... XJO thinking along the same lines
havagoodweekend everyone.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |