XJO Bullish

• 31 August 2008

• #21

Porper

Ralph Nelson Elliott

Joined

11 August 2004

Posts

1,413

Reactions

274

CanOz said:

And i posted this here yesterday, so we have a confluence of analysis?

https://www.aussiestockforums.com/forums/attachment.php?attachmentid=23206&d=1218940426

Cheers,


CanOz

Click to expand...

Just to put a spanner in the works, here is my preffered count.If this pans out we will get a good bounce from here (maybe above 6000) but ultimately we have far, far lower to go.

The last impulse down is difficult to put a count on just because it is basically straight down.However I have labelled it as a wave 5 .

As usual, yes there are alternate counts, Techs been one of the more likely.

 

Attachments

• XJO.jpg

  86.9 KB · Views: 14

• 31 August 2008

• #22

tech/a

No Ordinary Duck

Joined

14 October 2004

Posts

20,444

Reactions

6,463

prawn_86 said:

So your take is about the same as mine:

'It could go up... or down'

Click to expand...

Can be said of every chart.
However my analysis is pointing me toward a drop in price for BHP.
Wether that is immediate from this point is not currently definative.

Thats what analysis does.
Gives us a starting point or an end for trades.

 

• 2 September 2008

• #23

Boggo

Joined

28 March 2006

Posts

3,566

Reactions

1,309

Another potential leg down perhaps ?

Nearly went short today, didn't quite hit the target.

(click to enlarge)

 

Attachments

• XJO 010908.png

  20 KB · Views: 10

• 3 September 2008

• #24

D

Dutchy3

Joined

5 January 2006

Posts

536

Reactions

0

Sold out this morning. Now netural

Now waiting for a Big White to take out 5150 (Close (say) 5170) to indicate that a better bullish run is on offer.

Will not happen today ....

Might not happen within the next week either which would confirm a greater period of range trading and therefore a netural bias.

 

• 4 September 2008

• #25

druss

Joined

18 August 2008

Posts

33

Reactions

0

Pulled back right on Resistance.... Watching for Support..... Inverted Head and Shoulders Pattern Potentially forming....

 

• 5 September 2008

• #26

skyQuake

Joined

1 May 2007

Posts

2,904

Reactions

52

Sailed right thru on heavy vol, failed retest of 12500 support turned resist. Only gonna trade this from the short side, RR better that way.

 

• 20 June 2018

• #27

greggles

I'll be back!

Joined

28 July 2004

Posts

4,488

Reactions

4,581

The XJO closed at 10 year highs today at 6,172.60. There were two previous attempts this year at breaking through 6,150 in January and May, but today it got there.