XJO 0.32% 7,988.1 s&p/asx 200

tuesday trading, page-16

  1. 17,444 Posts.
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    Today's straw clutching exercise.

    It looks like a triple top and a triple bottom with a breakout to the upside most likely and a 100-120 pt target move higher.

    Alternatively it is a bit of a megaphone which is more bearish and the top line has stopped it.

    I have always used Oct 6 1987 and SPI 2364 as the high. Some use Sep 29, which is today and a number I think is 2388. Correct me if I am wrong anyone using that date.

    So exactly 22 years today for the latter and 2X2388 is 4776.
 
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