XJO 0.50% 8,118.8 s&p/asx 200

And yes we did have 8 days down and 4 days up and 1-4 days is a...

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    And yes we did have 8 days down and 4 days up and 1-4 days is a first degree correction so it does put the uptrend in doubt.

    The 8 days down suggests a more serious correction and the 4 days up says just a normal up reaction.

    4 hr RSI is negative although daily is still hanging in there for the moment.

    As for the 99/56/155 day count, we did get 98 up since 99 would have been a Saturday. In 2007 it too was 98 days up althought within the 56 day fall into Aug 16 2007 we did actually make a higher high briefly. So Aug 8 as a low is not a prediction, just a time to watch if it does make a sharp low at that time.
 
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