Two reasons for the choice of the double top at 6800 or there abouts.
1. Rising pennant first side is 1800 which added to 5000 level gets to 6800.
2. As a general rule the move from absolute bottom to top is on average 3 times the bottom which should put us at about 9000. However this time I think the destruction of world currencys would see the absolute value of 6800 in AUD about the end of this bull run.
xjo weekend zoomba lounge, page-86
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |