We have turn dates suggested for this week...
Jaolsa has July 14.
McHugh has July 17 as his major turn, but concedes to a possible July 15 planetary alignment one as well.
July 15: 21 trading days from June top
July 17: 89 days from March 9 low (89 is a fib, whilst 90 days is a good Gann fit)
So those days suggest a low by mid next week to the end of the week.
If the low is the completion of heads and shoulders, it means 400 points down on the DJIA by Friday, and 60 down for the SPX to 820. Quite a week ahead.
What happens then?
McHugh favours a rally to 9700 DJIA, 1050 SPX until the next turn date September 2....
That would be IT. THE top. Before his cataclysmic decline to catastrophicly low levels.
Alternatively scenatios are that this downtrend will continue on as part of THE cataclysmic descent... or, that the turn from July 17 will be short-lived and the cataclysmic decline will begin then...
Enough there to give you indegestion...
- Forums
- ASX - By Stock
- XJO
- just reading the thread today
just reading the thread today, page-105
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a |
Open | High | Low |
8,160.0 | 8,160.0 | 8,063.2 |
Featured News
XJO (ASX) Chart |