Houston 3

perky · 14-07-2008, 01:44 PM

Tropo,
Is it your belief the asx200 is in wave 3 ?
If so, that 4300 level is very much on the cards - although a short term a rally to around 5500 is probably going to happen at some point soon (I hope

).

David

Tropo · 14-07-2008, 04:39 PM

Quote:

Originally Posted by perky

Tropo,
Is it your belief the asx200 is in wave 3 ?
If so, that 4300 level is very much on the cards - although a short term a rally to around 5500 is probably going to happen at some point soon (I hope

).

David

Hi David,

Wel.... I do not like what I see on my charts, so IMHO 4300 level (I’ve got 4280) is a real possibility.
Personally I do not follow Elliott stuff but it seems that 3rd wave may be in play.
At some stage of the game market will go back up possibly to 5320/5440/5560? (approx).
It seems that at the moment XJO is on the way to 4757(very important level).
Temporary rebound may give you an opportunity to put down some 'dogs' if you do have some.

Happy Trading

and stay

!!

TryHard · 14-07-2008, 08:24 PM

Quote:

Originally Posted by Glebe

... if I had've done it 12 months earlier I'd be up over $100k.... we move into our PPOR in July, and my wife is very chuffed. Happy wife, happy life.

Mate, no matter what the bigger picture financial situation, a happy wife is worth way more than the $100K ;-) Plus now you will have the joy of being told to paint the ceilings next weekend. :P

Tropo · 16-07-2008, 08:56 AM

XJO = second ’leg' down in play.
Enjoy...