XJO 0.58% 8,091.9 s&p/asx 200

If I understand Laundry's ideas, then interim peaks can also be...

  1. 17,444 Posts.
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    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.



 
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