magix
Could well be.
It is in the area or measured moves from rallies and 50%'s etc.
It will be XJO top from 2002.
Personally I would like to see a break of the 2002 tops and XJO and SPI are more in the region of 3500 or a bit more.
A break and close below 3500 that then sees a gap back above the next day will be a powerful signal and one I have seen before that held forever.
The 1987 and 1994 highs of around 2300 was broken a year or two later with a one day move down and close to 2100. Next day it opened above 2300 and never looked back.
That move to 2100 freaked out so many and was the perfect capitulation.
black friday approaching in usa tonight, page-48
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Last
8,213.5 |
Change
20.100(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,193.4 | 8,239.4 | 8,193.4 |
| XJO (ASX) Chart |