Hiya HotFire (et al.)
Here is the "Three-Peaked, Domed House" update as promised.
This first example is a potential count, showing the large purple letters as potential nimbering...
now ... as Volt mentioned when we first started discussing this complex pattern here, as oft happens, the numbers (pattern) are oft made to fit post the fact...
And I certainly have done that, mconstantly moving the number 9 to the next peak in this congestion we've had for the last 5 months.
Now part of the reason I am "hanging on" to the idea that number 10 aint done yet is that when I referenced the pattern, number 10 is supposed to be down tat the level of number 2 (tiny red elilipse beside that point on price on te chart)
I cetrtailnly can see the validity of your count as being number 13... the following is a zoomed in view of the last 5 months, and counting peaks (I tried this a while back and you can see the littler numbers in my atempt, which would give this later peak as 13, or it could be 15 if you count the first peak following 6 may flash crash as 9)
BUT as said I don't think the 10 is in the right place for this count as the examples I've looked at the 10 has been around the 2 level.
Anyways I really have no idea but have enjoyed plotting this out after you mentioned it way back in April I think...
Not wanting to be all doom n gloomish, particularly if we have swelling bearish roars coming from this thread, as that is oft a sign that we is about to get bullish (and vice versa... check out Monday's n Friday's bullishness)...
Buuuuuuuuut when I squint my eyes at the bigger daily chart, and I look at the drop into the last 5 months worth of congestion, and I look at the shape of the congestion... welll... it sure kinda sorta looks like a bearflag to me...
n Equal measure from the drop (points 7 to 8) taken from point 9 (big) (yesterday's peak) gets us down to the area where I think 10 should be..
we'll see n just an amusing view.
;)
- Forums
- ASX - By Stock
- XJO
- tuesday
tuesday , page-31
-
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,160.0 |
Change
-20.400(0.25%) |
Mkt cap ! n/a |
Open | High | Low |
8,180.4 | 8,184.4 | 8,129.6 |
Featured News
XJO (ASX) Chart |