XJO 0.84% 8,295.1 s&p/asx 200

wednesday trading, page-118

  1. 3,731 Posts.
    It looks like Mr Market has adapt his personality to the new enviromental very well.

    Just be comfortable with its repetation of 1937 to 1938 pattern, it has changed dramatically.

    Well, I believe if there is no pre-Obama rally, there most be a post-Obama. I am still anticipating a bear market rally soon.

    But I am getting more and more suspecious about it. check the pattern of XJO from chart below. It seems time has arrived for another crash. We have down it 1200 point, 1800 point. This one might be a gentle one, let's say down 1000 point to 2800 from 3800 range.

    Well, in the past, it has never happened for another serious crash so soon. So Rob's Jan 16 low date could be a good, and Jan 20/21 could confrim it.

    For today or tomorrow, let's see whether it can re-test 3500 successfully.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.