XJO 0.63% 7,746.6 s&p/asx 200

thursday thrashing, page-130

  1. 17,444 Posts.
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    Jaolsa

    The two patterns are not dissimilar below.

    Lower double tops on both and then a rally and a pullback.

    Now if we get a good rally and a small setback again, many will think they know it just goes up from there.

    Of course that is when it would do the opposite.

    That is what the market did in 1987 with the US market patterns.

    It showed everyone a prior plan and then pulled the rug out when it was too easy.

 
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