10cents
That's what I have been saying for some time.
Daily at the moment is a fractal of the weekly back from 2007.
On that basis we are at the May 2008 peak in the weekly pattern.
I have no idea what transpires next, but I know what I will watch out for.
If we get a nasty US session, and XJO opens down around 4450ish and fills the gap down there, I will be buying as they attempt to get it back up over 4500 by the close. If they don't it is bearish and if they do then bullish.
Of course we may just go higher from here. I certainly am not a committed bear at the moment.
"flash friday", page-121
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Last
8,142.1 |
Change
1.200(0.01%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,140.9 | 8,153.5 | 8,114.1 |
| XJO (ASX) Chart |