Love your posts as always RB.
Yes nice to get a much needed late afternoon rally on Wall Street. The daily low was almost precisely a 50% retracement from the 52 week low/high on the Dow.
Bottom is in. Probably.
Interestingly the SPI fell all the way down to what would almost have precisely been the 5666 level on the ASX200 that we bounced off so often on 2017 and was in fact the 2016 close. Another logical bottom.
XJO Weekend Charting and Chat - 09 Feb 2018, page-11
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Last
7,955.8 |
Change
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| Open | High | Low |
| 7,971.1 | 7,973.8 | 7,944.3 |
| XJO (ASX) Chart |