XJO 0.23% 7,999.3 s&p/asx 200

top or bottom thursday, page-49

  1. 3,727 Posts.
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    It's a tough call atm,Pisces. I would like to see a pullback for a week , as this was meant to be an important top from my cycles, but it isn't the top,therefore my analysis of when we would see a top was wrong.I've seen early January thrown around as the top, but for the life of me I can't see how we will get past the neckline of 13000-13100, with any great conviction It is possible, only have to look at the May-Aug '11 correction where the Dow went above the neckline before it headed Back down again .So that is the resistance level as I see it, and what happens after will depend on the reaction at that level.

    I also am reluctant to offload anything at the moment in the expectation of the Santa rally, if it happens, so in a nutshell I don't know.
 
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