treggs
Thanks.
I certainly didnt go short at the early Nov 07 High - I've not really found a reliable way of suggesting an XJO top other than when it makes a short-term high (i.e. lower highs each side) which would have you whipsawed in and out too often if you were to try to trade a 23.6% retracement.
I shorted when I felt reasonably sure that the Weekly would form a lower Intermediate High, knowing that the XJO has a tendancy to retrace to the 23.6%. I shorted at 6440 on 17/12 (once the cash had dropped below the 90 daily EMA.)
Treggs, you ask for an expanding wedge using this years action too. I'm not a Gann nor Elliot chartist, so if thats what you are looking for Id be clueless. Ill have a crack at what I see as the shorter term action later today if I get a chance.
Thanks again for the feedback.
-HBG
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