flush thursday, page-15

As I recall Robbbbb used to be very fond of the number 458 when it came to the Australian indices in both price and time...he had a bit of Gann square thing happening which predicted many targets in both price and time. I don't have any data for aussie markets that goes back to 1987 unfortunately...Bigcharts used to go back that far but don't seem to anymore but as I recall it was either the XJO or the XAO (I think it was the XJO) that hit a low of 458 at the 87 low and that is where it started......

Interesting today with that brash looking candle the XJO has gotten to about smack on 4580 (10 x 4580)....and all near the 25th anniversary of the 87 US low....

Incidentally I happen to note there is a mathematical relationship between the number 458 and Armstrong's 261.75

4 x 458 = 7 x 261.75 = 1832 (or at least with 0.25 error)

11/10/2007 + 1832days = 16/10/2012...

The US has run over that now by one day which is an acceptable error. Maybe later today the XJO will give us a clue as the whether the magic 4580 shooting star is a top. If we fade badly today then perhaps we will be predicting tonight's action in the US.