In 2007 Armstrong's top was March and we had the "Shanghai Slump" but it was brief and we rallied into Jul when the other 2 key cycles were due to top, and did but once again we rallied into Oct/Nov.
This year I wonder if we can do something similar.
Armstrong turn is April 20ish, and IF we rally till then, perhaps we get a scary pullback and then advance into either Aug or Nov, before we head down for new lows.
Below is a 1989 chart. Looking at the April low date and the May high date back then, and considering Armstrong at April 20, is it possible we are running a month ahead of 1989?
In 2007 Armstrong's top was March and we had the "Shanghai...
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,993.1 |
Change
71.800(0.91%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,921.3 | 8,000.0 | 7,921.3 |
| XJO (ASX) Chart |