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1,627.5 s&p/asx 200 2 x daily leverage index

S&D, S&R, Trends, Fork's and Turnarounds, page-435

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Toastman

3,191 Posts.

146

24/10/18

11:22

Post #: 36238349
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Originally posted by Jako8557: ↑

yep, some buyers were drawn out last night.

That doesn't mean this pull back is over yet, but it might be 'getting close'.

....I mean, it could still fail, and come off further......but,

If this is the beginning of a 'proper' accumulation phase, it is likely to do some pretty radical and broad sideways actions for a while now, probably a few months, with the larger swing becoming reduced over time.

A sharp and complete recovery probably isn't so sustainable, it has to build a cause for a while.

Watch as it unfolds, and at a certain point, the answer will likely become pretty obvious.

cheers

.

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Yep, totally agree. I get excited when stuff like this comes up on a chart - it's going to get interesting. Better than TV this.

XLD Value at posting: 1,041.4
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