XJO 0.23% 7,999.3 s&p/asx 200

monday mess, page-81

  1. 17,444 Posts.
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    Mr Perry

    Of course the oddds are that tomorrow will be up and they get better with every day that passes :-).

    But anything can happen.

    I did mention SPI 5360 as a price that be a major low.

    Major SPI lows were on 1341 Nov '92 and 2679 Mar '03.

    Nov '02 was the end of the major 4th wave from the wave 3 '87 peak.

    Mar '03 was the last major low and 2X62 months apart.

    So this 670/1340 multiple may not operate till May this year or maybe Jul 2013.

    The reasons are more complex but just think of multiples of 670 or 1340 if you lke.
 
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