A wise person who has a @Load on their shoulders told me look further back.. so I did... I also used better methods of potential move completions. Every time the RSI is in this area, there is a bit of a major correction. You could almost say market collapse in some cases. But everytime the markets are near or above the top trend line and the RSI is this high.. boom..
4000 would be quit a drop
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15125
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Last
7,849.7 |
Change
-31.600(0.40%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,881.3 | 7,885.1 | 7,837.8 |
| XJO (ASX) Chart |