XJO 0.34% 7,796.0 s&p/asx 200

Dear Mr Treggsif you draw a line from the top of your feb 07...

  1. 390 Posts.
    Dear Mr Treggs

    if you draw a line from the top of your feb 07 high...i.e. when the bull hit serious resitance for the first time...and down down through various points of latter support (yeh I know, if you draw enough lines you find the one you want)...on my CMC weekly I get a support point roughly 4500...which I'm thinking could be an intraday low (sometime soon)....4550 has supported so far today...which is 138% fib down of the recent sideways action
    161% I have as 4444....I think 4500 will pull us up though and we should retest the 4780 50% fib bull run before we consider the 4280 as the 61% retrace and final (hopefully)low when Mr Volt allows

    hey... they're cleaning up the mess as quickly as it comes to hand at the moment...everything is getting cut and shut mostly before it hits the wall...lot happening behind the scenes here
 
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