XJO 0.22% 8,109.9 s&p/asx 200

tuesdays tank, page-133

  1. 17,444 Posts.
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    Treggs

    Probably not good enough to give me confidence.

    670X2 or 1340 was the 2002 major low indication and the low was 1341.

    670X4 or 2680 was the 2003 major low indication and the low was 2679.

    I was never completely confident with 670X7 or 4690 as it was an odd multiple plus the fact that although there were multiple Gann time factors, I didn't have something more.

    For instance the 2003 low was one Armstrong leg exactly from high and exactly 2X the 1987 to 1992 low. Exact days in the 62 month alternating cycle.

    So 2003 had 2 exact long term day counts and since there was another price count, 2 price targets, each one 1 pt away from the exact price, one either side.

    I don't have the major time counts matching and price is out by 7 pts now so I am not confident.


    The next lower 670 count will be 6X670 or SPI 4020 and only if it looks like latish Nov will I get excited about it from an Armstrong view.

    Probably means it needs a low half way around 4600ish.

    You can't win them all but its all good fun.
 
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