Yes Voltaire, I think 4600 is another figure on my natural sq chart that does indicate 3/8 price extention does sit on 4600 & 1.618 extention at 4680.
I am contemplating that we are in a five wave bull structure and perhaps 1.618 will be valid if fibonacci is integrated with EW counts [only if it is a five wave structure, wave three could go to 7,000 for all I know, it could also be a counter A-B-C move too]
Time will tell I guess.
If it is a five waver then I think we will see 5,000+ by December it is an ABC we will see new lows in 2010.
Time will tell I guess.
USD index is consolidating on its .618 retracement and really struggling to make any sort of impact in terms of price action.. but USD index is good value here the falls have halted on the .618. SO many possibilities.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |