I haven't got the chart handy but have posted before about the XJO 1150 multiples.
1150 was the 1987 bear low.
2X1150=2300 the bull market highs of 1987 and 1984.
3X1150=3450 the bull market high of 2002.
6X1150=6900 the bull market high of 2007.
We did nothing at 4X1150=4600 or 5X1150=5750.
XAO so far today is 4598.6 so at the 4600 number.
The numbers are close but not exact figures.
No idea if it means anything here.
forget friday, page-13
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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 |
| XJO (ASX) Chart |