In for a look so will post a chart.
The size of the rally has dented my confidence in my timing somewhat, however Mclaren's 12 days was up yesterday.
Sometimes you get a 13th day which should be a big reversal day that finishes down and that might be what is happenning today.
It usually means 1 -4 days down if just a minor correction and then continue up or the downward move gets going again seriously.
Need to see some confirming action.
On this CMC chart you can see that 0.618 down will coincide with the lows before the low which are often THE higher low if the low is in.
The move up does seem to be a completed leg of some sort.![]()
- Forums
- ASX - By Stock
- wednesday trading
In for a look so will post a chart.The size of the rally has...
-
- There are more pages in this discussion • 99 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
|
|||||
Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a |
Open | High | Low |
7,953.2 | 8,092.3 | 7,952.8 |
Featured News
XJO (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online