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

wonderful wednesday?, page-26

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    I had ruled out the idea of 56 days down into Dec 10 but something about today's action was niggling at my brain.

    What is was, was my very first SPi trade on 06/02/84 when I went short at the open and went to the beach expecting it to be a loser as it was so close to a break up.

    XAO did finish up but SPI finished with a big down reversal and the market continued down for some time.

    That date was the second top of a lower double top so similar to the current pattern and why it looked familiar.

    I thought the time period was interesting as it was 3X8.6 years ago. Acutually +8 extra days but close so it may mean something.

    The other thing bothering me is that apart from getting above daily dynamic highs of SPI 4793 it is even further above weekly dynamc highs of SPI 4769 and its only Wednesday.

    A gap up to boot.

    Probably roar higher tomorrow.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.