XJO 1.75% 8,092.3 s&p/asx 200

In for a look so will post a chart.The size of the rally has...

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    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.

 
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