XJO 0.34% 7,796.0 s&p/asx 200

I reckon what would be pretty is the SPI making a new high...

  1. 17,444 Posts.
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    I reckon what would be pretty is the SPI making a new high tomorrow but not XJO.

    The SPI is usually wrong and the XJO is usually right. So if XJO breaks out and SPI doesn't, it eventually will. If SPI breaks out and XJO doesn't then it is a false breakout.

    The weekend is a full moon. In 1987 the SPI made a new high but XJO didn't and it was on the full moon.

    OK, so Monday fits too, but the '87 decline was 14 cal days and from tomorrow that would give OCT 16 which is Carolan's low date here.

    Yep, I can see other dates as far out as Oct 15 for tops and BB's and Fibs and ma's allow the move to get to 50% retracement up by then.
 
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