Will the All Ords get down to 4769?

[galey]

Looking at the 50% ranges it has a very good chance.
These 50% levels act as important support or resistance levels.

For example - In 1929 the Dow Jones made a high at 386 and crashed to 195 or 50% before rallying to 297. What is so important about 297? This level is also 50% between the high of 386 and the low 297.

In 1987 the All Ordinaries index culminated at 2306 before crashing to 50% or 1151. It then rallied to 50% between the high and low and made top at 1785.
In this current phase of market activity the major low pivot point is 2666 and the major high pivot point is 6873. I doubt the All Ords will decline to 50% of 6873 or 3436 because there has not been 60 years since 1987. 60 years is the approximate time between the last three major crashes. However, it's highly likely the index will see 50% between the major range and find support near 50% or the half way point between 6872 and 2666 being 4769. That means the index has another 1000 to go. We shall see??

Check out the weekly All Ords chart declined to 5221 and rallied only to hit its head at precisely 50% between 6873 and 5221 or 6047. The market made a top at 6057 suggesting the first phase of this down trend is complete

 

[Buffettology]

Re: Will the all ords get down to 4769 every chance

Its funny, this magic 50% number is EXACTLY what I was discussing last night.

Interesting if we do fall towards 4800.

 

[2BAD4U]

I find it interesting that when I first read this post I didn't pay much attention to it because I had never heard of the 50% "rule" before. The very next day I came across this very subject in a book I was reading. Since then I have been going over some charts and finding examples of it time and time again.

 

[Pat]

I find it interesting that when I first read this post I didn't pay much attention to it because I had never heard of the 50% "rule" before. The very next day I came across this very subject in a book I was reading. Since then I have been going over some charts and finding examples of it time and time again.

I said to a couple of mates we might see 4800 during Jan. We never got there but there's more to come I think...:bier: so drink up!

 

[Pat]

Somewhere around here anyway.

 

[doogie_goes_off]

Fundamentally things have only changed in terms of lending. Demand for resources etc can only have decreased by ~15%, So I see 6000 on the horizon before EOFY. The sky is not falling in, it is propped up by a metal rod. Lets hope I don't get struck by lightning.

 

[Buffettology]

Fundamentally things have only changed in terms of lending. Demand for resources etc can only have decreased by ~15%, So I see 6000 on the horizon before EOFY. The sky is not falling in, it is propped up by a metal rod. Lets hope I don't get struck by lightning.

ha ha, good one!

However, not entirely true!

Fundamentally IN AUSTRALIA that is true, but in the US, it has well and truly spilled over into the retail sector (which is of paramount importance).

This could, or could not, to a large extent affect China/India/Europe and hence Australia.

Only time will tell.

 

[galey]

The 50% rule is the most powerful rule there is in swing charting or normal charting for that matter.
If you have read anything about Gann or Fibonacci 50% is a big player in retrenchments or price projections forward.

Ignore it at your peril, if someone can tell me how to take a screen snapshot I’ll post some examples.

 

[surfingman]

The 50% rule is the most powerful rule there is in swing charting or normal charting for that matter.
If you have read anything about Gann or Fibonacci 50% is a big player in retrenchments or price projections forward.

Ignore it at your peril, if someone can tell me how to take a screen snapshot I’ll post some examples.

On your keyboard there is should be a print scrn button (not sure if all keyboards have this?), then paste it in a program such as paint > then save the file.

 

[Kimosabi]

On your keyboard there is should be a print scrn button (not sure if all keyboards have this?), then paste it in a program such as paint > then save the file.

Or in Vista, there is a Snipping Tool, you can cut out the part of the screen you want and save it as a JPG

 

[Santob]

If you press ALT+Print Screen, then it only takes a capture of the window thats at the top (ie. the one you've most recently clicked in), rather than the entire desktop.

 

[galey]

I've tried ALT+Print Screen, print scrn button and nothing happens.
Where does the screen shot go ? can see it on desktop or in my pictures

 

[sam76]

you need to paste into a word document

 

[TheAbyss]

Open almost any Microsfot program and then Ctrl + V and the object will be pasted into the open window.

 

[Santob]

I've tried ALT+Print Screen, print scrn button and nothing happens.
Where does the screen shot go ? can see it on desktop or in my pictures

It copies it onto the clipboard, so that you can then "paste" it into another application as a picture.

 

[galey]

Thx sorted it

 

[hangseng]

Somewhere around here anyway.

I agree Pat.

I had this Fib retracement set on the high of 1/11/07 of 6853 to the low of 16/2/06 of 4739. I am targetting around 4750 - 4850 as the low for 2008.

Only the brave would go long short term and I am not that brave.

 

[Pat]

Right now this volitility has me watching and waiting. Not holding anything
If we break through this 5400 area we may just see 4800.
Just being a pessimist.

 

[xyzedarteerf]

getting closer to that number

 

[vishalt]

Getting closer and closer now,

S&P/ASX FUTURES: Pointing 94 points/1.78% lower to 5176.

I wouldn't be surprised if we went to 5100, or 5050 and then break that by the end of the week.

After all we must suck up to the mighty US Dow Jones Industrial Average as much as possible, seeing as they broke 12,000 its only FAIR that we break 5000!

It's funny, the closer the $A and the $US get, the more it symbolises our values; pretty much the same except for gun laws.