voltaire yes I agree, I am kina over HC now... waste so many hours on here for no reason at all and its generally over small & pathetic issues. Going to buy Jerome Baumring lecture & study notes so hopefully that will entertain me enough in the coming weeks to stay off here.
Anyway my ideas for the week. Firstly not much is tradeble, but my favourites would be a pullback to 4910 in the XJO early on this week before kicking up. 4910 was the high on Thursday last week and cash futures found a lot of resistance in that area so expecting the normal retrace. Would like to see the market make high later this week (timing is based on US markets) however don't have a real resistance area yet, but assume it to come out around 5000.
US is the major play, if it gets around 11,300 but later this week I will be shorting it for sure - Angular resistance + last counter rally high + 62.5% retrace = perfect resistance for a wave 2 rally before going down into wave 3
market going down, page-10
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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 |