kcmir
Looking at mid 07 - 08, up july, big down August rally to years end. Both now and than have H & S patterns except the price range and time is played out to a larger degree in 07-08. We have the same broadening wedge but price and time is lesser on both parts. If we were to follow 2008 next year, 2011 will be a very good year to accumulate.
Just for reference point I have added a 10 year cycle of the DOW that has been averaged out over 106 years. Notice late 2007-2008
2007 - 2008
http://e6.md.it-finance.com/MDV8/tmp/img_12772953958990.gif
2010
Please DYOR.......Long for the next few days!!!
I will go and hide around the curtain and wait..........
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |