UMC 0.00% $1.30 united minerals corporation nl

should i give this game away, page-52

  1. 1,186 Posts.
    Look at the charts...

    the charts were saying:
    4200 = bottom to follow last 10 years up trend
    but since we had a rush to 6700 then 6700 - 62% of (6700 - 4200)is around 5000 - we hit it.

    So now we can see DOW has spent past few weeks already mucking around the 11200 and XJO around 5000...

    Conclusion:
    Would it be time for:
    1. accumulation
    2. Rebound

    If we had to go further down the uS would have put the rockets in our bottoms with destination: bottom hell = 4500 - 4200 (if it had to happen!!).

    ATM: charts says stabilisation = Accumulation...
    Accumulation = bull market...

    But who knows with sharemarkets......

 
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