XJO 0.10% 7,767.5 s&p/asx 200

Hi All, For the Gannsters out there. A little bit of tooling...

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    Hi All,
    For the Gannsters out there. A little bit of tooling around with Mr Gann's square of the range and a bigger picture exploration.

    The current low 4/10/2017 was a perfect lift off from 2/3rds Time & Price of the square.
    BTW whilst the Oz market did things a little differently the US Indicies put in a major low on 4/10/2011.

    This is just a look at potential upside but I acknowledge we are not out of the woods yet.

    Many time counts and price repetition could see a double top with 2007 around September 2019 which is of course the 90 year anniversary of 1929 top.  It is probably worth noting that the Australian market topped in February - August 1929.
    The remainder of the square is pretty close to the fall from 1929 to 1932.

    Another more bullish possibility emenates from the big double bottoms of June 2013 and Feb 2016. Target would be around 7300 - 7360. This would also be a repetition of the 2003 to 2007 range (4201) off the 2009 low.
    May seem a tad ambitious but as a few have noted we do have rather a lot of catching up to do.

    Of course I am likely to have this totally wrong but Hoo knows!
    Cheers
    Woohoo

    SPI Forecast 19Oct2017.PNG
 
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