s p asx 200 : critical point at 4976

Australia S&P /ASX 200 : Critical Point at 4976




Normal Lower Limits : 4539 - 4979 - 4985

Lower Mid-Point References : 4951 - 5293 - 5336
Monthly Cycle Pivot Center : 5362 - 5601 - 5693
Upper Mid-Point References : 5773 - 6049 - 6908

Normal Upper Limits : 6185 - 6216 - 6406

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Normal Lower Limits : 4963 - 4976 - 5081

Lower Mid-Point References : 5168 - 5192 - 5243
Weekly Cycle Pivot Centers : (5373) - (5405) - (5409)
Upper Mid-Point References : 5566 - 5578 - 5625

Normal Upper Limits : 5728 - 5783 - 5842


Weekly Cycle Projected Series : 4759* - 4831 - 4903* ... 4976 - 5048* - 5120 - 5156 // 5192* - 5228 - 5264 - 5301 - 5337* - 5373 - [5409] - 5445 - 5481* - 5517 - 5553 - 5589 - 5625* // 5662 - 5698 - 5770* - 5842 ...

Weekly Cycle Congested Area : (4666 - 4914 - 5161 - 5409 - 5656 - 5904 - 6151)

Remarks : The market is under pressure when it is below the weekly cycle pivot center at (5373). The weekly cycle normal lower limits at 4963 - 4976 - 5081 would serve as short term supporting points. As shown in the monthly cycle projected series the market is testing the supporting strength of the lower barrier at 5184 // 5225* . A critical supporting point is located at 4976.

ASX 200 : Monthly Cycle Charts
http://www.qindex.com/axjo.html
Albert Cheung (Ph.D.)