Thanks hardball. Just double checking and I think you might be right. Either way, if it continues, picking the daily extreme and trading towards the open price looks like it might be workable. Not going to trade it but it is an interesting pattern I can't explain. Haven't done the numbers but I wonder if it it works out to be a daily pivot point. If the pattern continues then we should close around 5800.
Let's paper trade it. Long at 5718 with a target of 5800 at midnight tomorrow.
another subprime victim, page-243
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Last
7,999.3 |
Change
-18.300(0.23%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,017.6 | 8,018.0 | 7,996.9 |
| XJO (ASX) Chart |