XJO 0.74% 8,285.2 s&p/asx 200

friday trading, page-208

  1. 485 Posts.
    lightbulb Created with Sketch. 27
    Here you go Volt, some more positives for DOW.
    Starting on the low on 20/3/09 last night was 8 x 28 day cycles with the midpoint on 10/7/09.
    200% of range from 6/3 to 10/7 = 9716 ok, so the close was 9712.
    Tomorrow is 240 days from March low.
    Difference in the squares of March low to last night's low is
    18 so 9x360.
    It's sitting on 25% of the 144 square at 10 points per day. Hang on that is the weak part of the square. Sorry.
    It's sitting on 50% of the July 1996 low and the 2007 top.
    It is still in an uptrend on the 2, 3 & weekly swings.

    And of course Bernanke could cut rates to below zero lol.
    Cheers


 
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