XJO 0.22% 7,750.7 s&p/asx 200

thursday trading, page-154

  1. 4,155 Posts.
    There wouldn't be a lower double top confirmed until we went below 1019.95 so at the moment its just a potential and probably not even a probable.

    The selling should have started up by now, or soon after the open today, and there wouldn't be a lot of buying interest if it is a lower double top so not looking like being one atm.

    Volume should have been lighter on the 2nd peak for LDT and it was heavier so again, probably not LDT.

    Best guess is a retrace to fill the gap to 1058 which would be a 1/4 retrce of the move up since Friday, and then pushing further north to 1080 - 1082.

 
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