XJO 0.39% 8,013.4 s&p/asx 200

end of the bear bounce friday, page-7

  1. 17,444 Posts.
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    Jaolsa

    Thanks, will mark that down.

    I have just reread Mclaren's last and need to correct something I said.

    I said his second degree corrections are 7-12 days with day 13 being OK if it is a big reversal day.

    Last night was day 13 and no big reversal.

    However, I see he said this time if the market makes highs after day 13 then it is bigger than a secondary correction so it isn't there yet on that basis. How dare he change his theories!

    Of course I often seen the number of days not fit his criteria.

    I also see he has about April 8th for his next possible turn as low or high.

    I will have to put that in small numbers next to Jaolsa's which will be in big letters, lol.
 
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