XJO 1.67% 5,375.2 s&p/asx 200

The following chart shows how I was able to pick the top of the...

  1. 1,383 Posts.
    The following chart shows how I was able to pick the top of the market. It was actually easier than picking the top of the previous bull run into 2001, which I also did on Hotcopper, and the two subsequent lows.

    Essentially Wave 5 topped near 1.68x Wave1+Wave 3, which is very common.

    This is followed by a standard (cycle Wave II)zigzag correction before we launch into the main part of the advance taking us into 2025 or so.

    Exactly how I managed to pick the exact bottom to the day of Wave II is another story, but it was just a case of counting the waves.

 
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