One thing I have been thinking is a triangle consolidation period after all this madness. There are a few options but they include a descending triangle with support at the recent lows, an ascending triangle with resistance at 5870 odd or a symmetrical triangle with 5187 and 5870 as the extremes. I've drawn them on your chart hardball. The next move should give us a clue.
Red= Descending
Blue = Symmetrical
Green = Ascending
another subprime victim, page-149
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Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,953.2 | 8,092.3 | 7,952.8 |
| XJO (ASX) Chart |