The following chart shows how I was able to pick the top of the market. It was actually easier than picking the top of the previous bull run into 2001, which I also did on Hotcopper, and the two subsequent lows.
Essentially Wave 5 topped near 1.68x Wave1+Wave 3, which is very common.
This is followed by a standard (cycle Wave II)zigzag correction before we launch into the main part of the advance taking us into 2025 or so.
Exactly how I managed to pick the exact bottom to the day of Wave II is another story, but it was just a case of counting the waves.
The following chart shows how I was able to pick the top of the...
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |