Sorry guys can't put my charts as my webhosting is still down GGRRRR.
However if I could put up a chart this is what I would show.
Firstly the US markets have now broken from the ellipse confirming that long term trend for the next year or so is down. Becuase the previous ellipse Feb 2004 - May 2006 was consumed mostly with time, as a rule of thumb this move will be consumed mostly with price (sharp move down). Like wise the move from March 2003 to Feb 2004 was consumed mostly with price and thus why Feb 2004 - May 2006 was consumed mostly with time - if you follow the logic there.
Secondly I have these bug insdie me telling me that tonight will turn out like 14th of April 2005
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Last
8,597.7 |
Change
56.600(0.66%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,541.1 | 8,613.0 | 8,536.7 |
| XJO (ASX) Chart |