Here are some calcs IF we see new lows.
The first is an equal move lower to the rally and second is 50% of the bull market range.
SPI 4772 and 4779/80
XJO 4790 and 4774
XAO 4911 and 4770
XAO has a wide difference but the other two are pretty close.
The 2003 low had an equal move below of the last rally but on a bigger scale.
If we take that as the Jan rally then we are talking SPI 4363. I hope not.
ladder removal thursday, page-19
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |