The first chart is CMC hourly 24 hr and looks like 5 waves from Nov 5 and if so then a bounce would be expected.
The second is weekly and shows a nice fit to Fib grid at .5 down and rally back to .236. Is was on that basis that I had my projection but no guarantees.
Still looks like major corrective wave C needs another leg down after a rally.
SOme are arguing that with support broken we need to look for new support levels.
Perhaps, but as McLaren points out, old support is so obvious these days that the smart players break them to panic the novices.
It seems to me that Laundry has been the best web guru to follow.
Are we pre determining tonight's action again. US futures have only just begun to move. Strange that, as you would thing one would track the other.
- Forums
- ASX - By Stock
- friday trading
The first chart is CMC hourly 24 hr and looks like 5 waves from...
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,114.7 |
Change
22.400(0.28%) |
Mkt cap ! n/a |
Open | High | Low |
8,092.3 | 8,148.7 | 8,092.3 |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
XJO (ASX) Chart |