Here's another little McLaren tip.
If the market in any time frame has been running down a trendline for a considerable length of time, NOT a short time, and it then falls sharply below it, it is a capitulation and should rally.
Yes, it works upwards as well and don't ask me to define short or considerable, lol.
weds mc spi, page-39
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Last
7,983.0 |
Change
61.700(0.78%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,921.3 | 8,000.0 | 7,921.3 |
| XJO (ASX) Chart |