- Joined
- 28 March 2006
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I hesitate to post a long term chart of the XAO with a proven trendline, going back 20 years, (a monthly of the XAO)
Your looking at it upside down........it looks like a downtrend.....
Can you do a four yearly with the horizontal as well?
On balance of probabilities this zone seems very important to me. If it goes through, then we may have seen the 'bottom' and the EW'ers have been generally wrong. If it fails and starts making some lower lows, then ouch. Still, this could be just another false attack at breaking the sideways zone and we continue in limbo for some time..Gets a bit small and hard to see kennas, but I agree there are a few touches on the horizontals of 5000 and 4900. Week periodicity shows it.
weekly.
So, it could go up, or down, or sideways.
You can quote me on that!
Still going no where until that zone of resistance is broken. Until then, it has potential to break significantly lower as the EW'ers are selling. Until we break up or down it seems that we are just in a holding pattern. If we have hit an EW W4 and go down then it's a very significant move according to the EW'ers. Like, back to the bottom, PLUS! Breaking up doesn't seem to be too bad a thing though.
Interesting that the world markets are in 'dual speed' mode.
China, HK, Taiwan, Singapore, India, Brazil are all in pretty significant downtrends.
US and Europe are going one way North.
Australia's kind of caught in-between... somethings got to give.
Yeah, so I agree with the up, down or sideways analysis.
Yep, when it's required.fence sitting the easy thing
Very happy on a fence.
I wouldn't be long right now either, yes.while your pulling splinters out ya a$$ others view this level as a bewty for a low % loss area for some long overdue shorts
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