Bears Avert Your Eyes.
Patterns don't have to play out, but consider the DJIA.
There are two in play,the most recent and smaller with a head at the November low, which sits within the bigger with its head at the August and October lows.
The latter, August/October lows, a double header, would need to form a right shoulder down to around 11,800, then rise up strongly with an ultimate target 15,500---a new high.
You can see how the March 2009 low inverse head and shoulder projected and realised a target of 12,500.
But i repeat, patterns do not have to play out.
xjo weekend zoomba lounge, page-76
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |