XJO 0.73% 8,017.6 s&p/asx 200

de ja vu, page-112

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    A stack of stuff.

    Using next Monday's likely intial low as suggested by SYCOM

    Monthly SS will be at 19 but the twice in a decade buy needs it to stay below 20 for month end.

    Weely RSI will be at 32 and 30-32 is always a low, so needs to be there or a little lower end of next week.

    We have a weekly TDSEQL signal from yesterday but the only other time they appeared since 1982 was into the 1992 low and there was several weeks of them.

    Weekly RSI made a high last year at 221 and as of yesterday was -225 and they often tend to approx. equality.

    We have a 62 month cycle of highs and lows and 62 month up cycle is 9/5/08, which could allow a 60 day rally from here and then a bear continuation. McLaren says we should have 60/90 day rally shortly.

    On SP500

    1290 was broken but on a log chart back to 1982 you can appreciate it is hard to notice unlesss you magnify several times and in the past each time the line was hit there was the smallest of breaks like this.

    The bull run was 5 years 1 day. Wednesday will be 5 years from 2003 low. Dates of March 12-14 have plenty of significance.

    On Monday it is 65 months from US low. 65 seems to be a significan't figure. My favouite ma's are 65 in all time frames. 65 weekly ma on Gold for instance has been THE support since 2001.

    I am unsure of why 65, but 65 weeks is 1 and 1/4th years and is always worth watching. 65 td's is 91 cal days and significant as Gannists will know.

    Nasdaq looks like an ending wedge but overall the patterns look like they have a little more to go with probably a small rally and then a final little move lower to be text book.

    And of course Armstrong's date is March 23, during Easter.

    So we seem to entering the end phase, of either the whole bear or stage one.

    I feel the best result is lower yet with an end of month no higher than Monday's initial low. That would look good for some decent upside.




 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.