Laundry's latest seems to support my Mar-Aug 2007 replay.
This would suggest a short term top early next week (laundry suggests tonight, but i think his count is a day out), followed by a 2-5 drop back to the 55 day moving average (approx 895). Then a sharp week long rally spurred by bank earnings, before a more serious pullback as industrial earnings come though into August.
thursday take off, page-95
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |