for a little while I have been following the similarities of this correction to that of 2006....note how even the 2006 correction sits nicely in between the 161.8% and 261.8% fib extension lines of this correction. The 2006 correction was a double bottom affair with bottoms a month apart. The peak in between the bottoms exceeded the 50% of the first drop but failed to reach 61.8% retrace....we are now nearly at that point in this correction. IF (and I say IF) the similarity continues then there should be one more good buying op coming up in the next 2 weeks before the next leg up.....
And all this would fit nicely into Terry Laundrys T theory. He likes his Ts to have double bottoms and he remains confident that there could be still a huge upside left in this market as he believes there is still much more money to come in before a final peak in August.![]()
- Forums
- ASX - By Stock
- XJO
- thursday options
thursday options, page-3
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,091.9 |
Change
46.800(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
8,045.1 | 8,091.9 | 8,045.1 |
Featured News
XJO (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online