XJO 0.39% 8,013.4 s&p/asx 200

friday trading, page-68

  1. 4,155 Posts.
    That chart may get bringiton posting again as 00/02 and now look pretty similar to me. Perhaps he's waiting for a solid lower high on the daily before he'll get going again lol ;)

    These two facts concern me:

    - Thursday's low falling below the prior swing high of 10 August, and

    - Last night pulling back, again.

    Having said that:

    - A swing low moving below the level of the prior swing high does not mean an uptrend isn't likely to continue, but rather, that it is not a fast trend up,

    - The break of the 1018 level on Thursday was only marginal, and only for an hour or so, and something that wasn't unexpected,

    - The 4th move against support or resistance holds the probability to move through that support or resistance,

    - There are 2 levels of calculated resistance to get through here, not one, so the time on the side here is still reasonable if going higher, and

    - Only scooter has a high in place already, that I know of anyway.

    Anyone else think the high is in? Volt mentioned something the other day about Frank Dilernia saying 1037.5? I don't have access to his material Volt, so would you mind letting me know if it was a high for him?

    Starting to think I'd better got some of my OCD pills out lol...




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