Although the higher lows and higher highs pattern of markets other than here plus the EW pattern that suggests a surge could happen here, McLaren contends that rather than ABC zigzag rallies, the evidence is that 3 tops will normally occur in a bear market rally.
Those tops need not be each one higher but just 3 peaks.
If this is the case then the argument can be made that the work is done or even a bit more upside is acceptable.
Of course a huge surge higher would put a more conventional spin on things.
- Forums
- ASX - By Stock
- XJO
- merry crashmas
merry crashmas, page-8
-
- There are more pages in this discussion • 68 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
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a |
Open | High | Low |
7,982.4 | 8,030.3 | 7,982.4 |
Featured News
XJO (ASX) Chart |