XJO 0.76% 7,921.3 s&p/asx 200

thundering thursday

  1. 17,444 Posts.
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    The chart below is a monthly XJO.

    I was disappointed that the slow stoch didn't get below the blue line earlier.

    You can see that sometimes there is a little hiccup near the line before it goes under.

    On those occasions the last move down has been 3 to 5 months.

    5 months would be October and I have always had that time here for a possible low.

    3 months would match the vertical red line which is a 53 month cycle that has a lot of hits.

    I still think the US should more positive but...

 
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