what was with that close, page-52

Scooter5

Yeh it is and I can't even remember where I decided it was significant.

Too many ideas and too little intellect remaining, lol.

It is part of the reason that I thought August may be the important low for the market in general here but for resources it seems more likely as Oct or Nov.

My July 23 high has worked out OK and I have a low for Aug 12, although last time was 2 days late so needs to be considered.

That doesn't have to be THE low, just a possible tradeable low so we will see.

I plead guilty to calling a major US low in March and a higher low in late May /June.

March worked out and I was puzzled a bit about May as for the local market it did suggest a major high, counter to a US low and going in opposite directions is not something we do often.

I think it may be tricky for quite a few years but do expect that we will perform far better than the US overall.

WE may have a deeper spike at some stage, probably into mid 2013 but history seems to suggest our corrections are briefer than the US.