G'day Chalea,
See attached chart re upside targets...
Interesting your latest posts as by eye, using the target method I explain for the downside, I get around $21.. so could be onto something... lol
(note.. need to look at a longer term chart than the one I show to see what I'm talking about.)
Also note, I am not too sure what oil contract this i.. is from web iress and shows differently to the one we looked at from Futuresource.
Note the thin black line shows latest peak of Histos.. and gives the lower upside target.. the red ones further back show higher upside target.
I expect to be running an analysis on the XJO and related stuff this weekend and will go over the method again there.
;)
uptrend resumes?, page-122
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