Remember this chart posted yesterday.
Guess where the market topped last night?
Yep at 4348 on this CMC Aussie200 chart.
Now I have achieved perfection I should retire before I spoil it :-).
No it doesn't always work but most of the time within a few points.
Spikes after a wedge are usually completion moves of the same degree but I have to say some aspects of the pattern up are very bullish but I am not keen on big gaps being left behind except for very early in a strong up move.
Remember this chart posted yesterday.Guess where the market...
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Last
7,699.8 |
Change
19.200(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,738.2 | 7,643.3 |
| XJO (ASX) Chart |