XJO 2.11% 7,943.2 s&p/asx 200

Expect the Unexpected - Thursday, page-28

  1. 599 Posts.
    Those banks and the like are messing up the XJO . . . XMD is where it's at!

    http://hotcopper.com.au/threads/fri....2465069/page-7?post_id=14820664#.Vcxx4HGqqkp

    http://hotcopper.com.au/threads/nos....2382712/page-3?post_id=14148094#.VcxysXGqqkp

    Since the last post (Feb) it has (somewhat) followed the projection but overshot topside before coming back.

    I think the XMD still has room to move, it got way ahead of itself . . . . could still come off another 300 points (6%) and maintain the uptrend, this may just be another healthy pull back but would not be surprised to see it retest the 50% FIB line or perhaps the bottom of the channel.

    I still think it will reverse as per previous post but when . . . . maybe after testing that July - Nov14 -4700/4600ish zone over the next month and a bit.


    xmd_ax04nov10_to_13nov15.png
    Last edited by stevebiscuit: 13/08/15
 
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