FMG 1.62% $21.92 fortescue ltd

Just looked at some numbers on the dalian casino dating back to...

  1. 305 Posts.
    Just looked at some numbers on the dalian casino dating back to the 22/4/16

    High 22/4 502 low 26/5 333 variance = 169/33.6 % approx 5 weeks

    High 9/8 511 low 19/9 383 variance = 128/25.0 % approx 6 weeks

    High 24/11 659 low 26/12 529 variance = 130/19.7.% approx 4 weeks

    High 21/2 742 low 19/4 460 variance = 282/38%. approx 8 weeks

    2 mini rally lower low - high 02/5 539 - low 9/6 412 variance 127/23.45%. approx 5 weeks

    High 22/8 610 current low 12/10 426 variance 184/30.1% approx 6 weeks

    It would appear that on this short snap shot it tends to run in trends on average of 5 weeks at a time, with a variance of approx 28%. Limited info, but based on the last 1.5 year trends definitely due for a reversal. Might have to sit down and go back further to see if there is a definitive trend
 
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