XJO 0.12% 7,822.3 s&p/asx 200

thursday thinking

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    Been absent for a few days and too many posts to try to read so forgive me if I am covering something already done.

    The March lows were 6-10th and July 8-13th depending on which market.

    On the shortest basis such as XJO with 10/3 - 8/7 or a nice Gann 120 cal, it suggests the minimum time frame for another low at 5/11 or today. Using the largest range of 6/3 - 13/7 allows out to 19/11.

    The 99/56 pattern is still a consideration. XJO had 8/7 to 15/10 I see CMC's UK100 had 13/7 to 20/10 so both 99 cal days.

    This suggests that from now on any time we see that UK100 making a new low and XJO/SPI holding above a low from 5 days before, it could be a significant low.

    Of course if the 56 days down plays out then XJO low is 10/12 and UK100 15/12.

    I have just prurchased my 2010 Ferrera roadmap and recommend it and it is cheap so do it.

    I found it interesting in that it completely shares my view of what's ahead and not that of Laundry. I guess that doesn't mean Laundry is wrong, but I suspect at some stage he may declare a bullish T, a collapsing or bear T. We will see.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.