Neat Fib fit.
Pattern does suggest the bounce is probably a minor 4th.
It is a first sharp day down on the US markets and we more often than not fade it during the day after a weak start.
Still the danger is a repeat of the first down day after the Armstrong top in feb 2007, which was a shocker, this being the right shoulder.
Neat Fib fit.Pattern does suggest the bounce is probably a minor...
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |