tentative tuesday shorting, page-56

Salutation ppl.

Robbbbbbb pointed out that last night was usual after the prior day's large fall.

The prior swing low of last Wednesday was 903.78 (904 for redbacka lol) so for further confirmation that the current down trend is not a fast trend down price should get back above 904. It was 5 points off that last night.

The daily is looking safer to me now and I take comfort in the fact that 956 at 96 days from low (the high of 11 June) would be the usual place for a counter trend; a secondary counter trend of 7 - 12 trading days at least.

So far that's all that appears to be happening to me and if the market can get above 904 tonight then I'm comfortable nothing out of the ordinary is going on there.

That said, if it goes no higher and the market is down to new lows tonight, there will be a space between the prior swing low and last night's high and that would suggest the downtrend was gathering momentum.

So tonight for me is an important night in that regard.

Cheers Chris.