thursday trading, page-19

atlunch please check this as I think your trade is a very low probability here .

Only 4 times have we had 5 red months in a row and this one is the first off a major high .

But in all the other instances [ all 3] the 2nd month up was also green and it didn't retrace much into the first green bar . Maybe about 3 % off the highs of the first green .

Or if u view the 2x 5 months down in the 90's then the low of the next month was = distance of the high of the bar to the close of the month below the close of the prev .lol

ie; xao high of APRIL was 5736 and close was 5657 or minus 79 points so deduct 79 points from the close of APRIL and u get a low of 5578 all for xao . Below this and it's game on maybe for shorts but until then [providing it matches ] the trend remains up and strongish .

For xjo it closed 78 off the high of the month so deduct 78 for this month off the close and u get 5517 .It may work it maynot but my guess is next week is the key and it cant fall much here unless the trend is down .

Maybe it won't work like it did in the 90's but worth watching just incase .

ge