If I understand Laundry's ideas, then interim peaks can also be used as a measure.
In his chart below I have added the rough black lines.
So one measure would be a price peak about the start of Sep 2009. I think then the next for the Oct 2007 AD peak works out as April 2010 for price.
That fits well with the 4 year or presidential cycle top this year and could lead to a 2 month sharp drop before a final rally attempt that could be over by Nov or even struggle higher as late as April next year IMO or May if Laundry is correct.
I think Laundry is stretching the limits I can see. In fact I think his calc of 535 days being May 2010 is incorrect! I think it computes about late Sep 2010. Unlikely.
- Forums
- ASX - By Stock
- XJO
- mayday friday
mayday friday, page-3
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,252.8 |
Change
38.300(0.47%) |
Mkt cap ! n/a |
Open | High | Low |
8,214.5 | 8,271.8 | 8,214.5 |
Featured News
XJO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online