re: spi got sold off gann45 Try this Gann . copy of my email last night .
Have you seen RIO . it seems there are a few stks are at ( percentage highs ) as outlined in profits in stks and commodities Gann .
Rio : for example
9/03/06 67.30PPL 1/4 = 16.82 + 67.30 = 84.12 resist ?
2/07/03 28.00PPL 300% = 84.00 resist ?
15/02/02 42.00PPH 100% = 84.00 resist ?
there is a 72 day cycle into ( today ) 71.41PPH - 8479PPH todays price is 72 days but cant really see the vibration on this freedata chrt
last counter : 78.60 - 67.30 = 11.30 50% upside range projection 5.65 + 78.60 = 8425
8450 seems to be a possible resist point in price but one thing that Mclarenn says the completion of the time cycles will overide price targets - when the time is up the vol will increase and then price will follow suite .
it looks pretty close to 36 calender days into low and 36 calender days into top with 72 days coming out wed thurs this week
tomorrow will also line up with the 2x1 angle :
9/03/06 67.30 - 11/04/06 84.79 = 17.50 range
17.50 range in 35 days .
there might be something in it but from a shrting perspective the move down might only be a few days against the main trend and youd have to be pretty quick - perhaps it could be a good technical strategy to buy on pullbk and wait for swing up confirmation .
I think CBA is also at 100% of major low as well .
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