XJO 0.47% 8,252.8 s&p/asx 200

Not a true double bottom but lets play anyway with an ABC...

  1. 9,861 Posts.
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    Not a true double bottom but lets play anyway with an ABC anyway

    A - March 03 Low
    B - Nov 07 Top
    C - March 09 Low

    Interesting as I think the trade will/would fail in line with 2013 suggestions and decennial chart, so if you look at the 50% failure mark, it comes in at 5211.5


    IF you were to break the March 09 lows, the only way IMO to do that would be a lower double top at recent high levels 90 days apart, and even then as per above the trade can fail at 50% level.

    Early stages but I would be putting some money on the decennial playing out and longs odds for 2013


    Write these in your little black books for future reference :))) Feb/April 2015
    8362
    9412
    11513

    Might update the world markets doc's before monday, quite interesting given the time span between the first 2 glances on charts

    Regards
    Rob
 
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