Nice low into 3453 . Scenario No 1 played out as expected . see below analysis.
Posted: 03/01/08 10:11
Still have to do a bit more work to gauge possible price points , but looking for NAB to either low into the 18th January or setup a cntr trend reversal on this date . The 2002 correction ran out 1094 pts and thus far the current pullback has ran out 873 so I am just using that figure as a reference guide . current mkt position is trading below the 45 deg line which is normal within an accelerated downtrend but I think the timing componet might set something up with short and intermediate cycles moving into proportional alignment . it could very well turn out to be nothing but the traps are set and I will try and read the mkt as it moves into this date .
Regards Gazelle
18th january
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Last
$36.23 |
Change
0.200(0.56%) |
Mkt cap ! $112.2B | |||
| Open | High | Low | Value | Volume |
| $36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3369 | $36.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.23 | 9815 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NAB (ASX) Chart |