More fodder..
The thick purple internal trend line connects the 2002 low and the 2011 high. This week that trend line is at 1490.43.
Incidently, it is 89 weeks from 2011 high. Fib number.
The ducks are lined up. The convergence with the ascending channel line does look formidable + 15/16th of the range up from '87 low. Would explain the present apparent 'distribution' in XJO.
Same chart zoomed in. Note also the October '12 lower high at 1470.96. That week this internal trend line was at 1470.23.
More fodder..The thick purple internal trend line connects the...
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |