This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 4 November 2012
Im not predicting this or even suggesting a high probability but there is a certain symmetry that doesn't preclude it .Certainly worth watching were a panic to develop.
The 5300/200 level certainly would be the primary target level across the next few months.
ReplyDeleteI don't think your target is too bold at all.
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As I noted at the weekend though, <5000, seems near impossible in the near term.
Bears need to whack the indexes lower, bounce, and put in that critical first lower high - to be seen on the bigger weekly/monthly charts.
Its now or never...
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