XJO 2.11% 7,943.2 s&p/asx 200

friday trading, page-21

  1. 10,692 Posts.
    lightbulb Created with Sketch. 1261
    4680 should be hit mid next week on XJO cash. XJO rallied 200 points this week and one more week worth ~200 point we would have hit the 1.618 fib extention + 3/8 time extention + 7/8 time extention of an end of a secondary 360 degree cycle that sits on 4/9/09. Question is if price hits ~4680 on 04/09/09 is it a perfect storm? I do not know the answer - I am currently long and acquired Natural gas futures last night. I am semi bullish but that perfect storm has me somewhat concerned. The reetracement will be shallow but wave five will be as equally as shallow...from there I envisage considering the complacency in the market we shall hit new lows in 2010.





 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.