My take on what the waffle was about, future direction of the ASX200.
Here comes the pretty charts!
The 1 hour is bull trending with support as marked.
The 4 hour ditto
The daily with it's new support levels.
The weekly has circles from showing a f/a/ trader that t/a saw the crash.
Commentary on the general thread recent post.
The price has rallied from support at blue but red is still under blue.
A retrace to test levels represented by red as it crosses blue would be expected.
When can only be seen on the lower t/f's. No sign at the moment.
I view a breakout of the weekly as an end to a bear market rally and the start
of a bull market. Or is it the monthly cloud?
winks weekend waffle 090409, page-21
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