XJO
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0.81% 7,971.6 s&p/asx 200

yes my master...a 50% retracement is the startof the corrective...

  1. Andrew from Perth
    1,374 Posts.
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    18/01/11
    20:57
    Post #: 7756043

    yes my master...

    a 50% retracement is the start
    of the corrective cycle...

    maybe a short bounce on open (b) wave,

    then a mild decline to a (c) wave low...

    after that i guess we will see if todays
    action was a short covering exercise or
    a trigger to go long and test
    previous highs...
    XJO Value at posting: 152.50
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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