XJO 0.76% 7,921.3 s&p/asx 200

thursday trading, page-26

  1. 17,444 Posts.
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    Lest it be said I can only ever see the downside, here is some bullish possibilities.

    The first chart is the Footsie weekly and anobvious break out of a lower double top measures to just above all time highs. Now how the UK can justify that with all its woes is beyond me but I'm not into fundamentals.



    On HK, I pointed out a potential breakdown a while ago on daily charts BUT it recovered and weekly DID NOT break down and measures up to the May 2008 high. May 2008 was my major cycle and the one that points to July 2013. It may be that July 2013 is a higher low just as May 2008 was a lower high.



 
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