So I guess these two time cycles have more of my attention than yesterday:
- 144 day up trend from 6 March low (S&P) would mean a high at the end of the month, or
- 135 days from low (Monday 20th July) for a lower high (above the 1 July and below the 11 June high) would could set off alarm bells.
I would expect that tonight will consolidate the big move up with a small range of 10 or so points to close new the 900 level (50/50 on that one). Doubt a reversal but it happens. I remember once in 2005 on the XJO it was exactly like that - huge day like that up and the next day gave it all back. A reversal like that happening after the creep down is doubtful. The creep down is more likely to be followed by a fast move up, which is what looks to have just begun. The usual is to consolidate a big move like that.
The higher low of last Friday as against Wednesday is confirmed.
- Forums
- ASX - By Stock
- XJO
- snippets - week ended 10 july 09
snippets - week ended 10 july 09, page-11
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a |
Open | High | Low |
7,889.6 | 7,969.1 | 7,889.0 |
Featured News
XJO (ASX) Chart |