XJO s&p/asx 200
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spaintastic monday, page-70

  1. sierra
    11,154 Posts.
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    12/07/10
    22:18
    Post #: 6895267
    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%
    XJO Value at posting: 150.00
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