XJO 1.75% 8,092.3 s&p/asx 200

thursday trading, page-55

  1. 17,444 Posts.
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    While not imperative, I reckon most good upmoves incoporate a higher double bottom.

    EWers would see that as an irregular correction or a 2nd wave ABC flat.

    I suppose the only strange aspect is that the last high wasn't higher than the early April top here.

    And of course, even though I am looking for a May higher bottom, I need to remind myself that a cycle low is not always a price low. It can be just a pause or even a slow down before a take off.
 
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