The middle spot looks favourite!!!!
The similarities between the last 2 retraces suggest today could be a top? F6?
XAO
15-4-10[F9] top to 21-5-10 low = 854.2[x 1/2 = 427.1]
21-5-10[F8] low to 21-6-10 top = 446.9
Retrace = 52.32%
21-6-10[F7] top to 6-7-10 low = 428.3[427.1]
6-7-10 low to 12-7-10 top = 226.8
Retrace = 52.95%
Range 428.3 divided by 854.2 = 50.14%
spaintastic monday, page-70
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| XJO (ASX) Chart |