moolamanic's - holdin' 'n' grinnin' - tuesday, page-142

Hi All

Redbacka, in reply to your earlier post this evening, I totally agree that 4140 is crucial, back on the 17/11/11 when we were at 4257 ( we are now at 4262) I posted the following:

" Once again Europe is Ugly - not just looking ugly but nasty. 4140 - will be taken and then gone !! "

Well 4140 was taken out and we found the next bottom on the 26/11/11 = 3984, which I then later posted was looking like a double bottom with the 8/8/11 = 3986.

Ok, my question scenario is if it again runs past 4140 what chances it will breach on the 3rd attempt the 3984/86 level and then head to a possibly much lower level. I am always mindful of a 3rd and 4th attempt at breaching either a support or resistance level and then making a significant break.

The timing on the above I am sure Cyclic could contribute something very meaningful as would Volt, Mong, Pad, BD and so many other fantastic contributors,I would really appreciate some considered thoughts on the above, I know that this is all short term numbers/levels and - NOT just some bull bear ego crap.

Cheers gals, guys and others !

Obe



The timing on the above I am sure Cyclic could contribute someting very meaningful. I would really appreciate some considered thoughts on the above - NOT just bull bear ego crap.

Cheers

Obe

Ps.

Possibly another trade in this folks !