Here we can see WBC time dates in the gann cycles of 30 and 45's. These turns i have market with extra importance of the dates that align being the 180, 270, 360, 450. The next date of 540 which aligns both the 45 and 30 day cycles comes in on the 17/7/2010 so keep that in mind also :)
I have also included the major cycles that work here. The all time high was $31.32 so if i project this into calander days as being 313 Days we are given to dates that produced highs (one not included on chart) but is the date of 9/9/2008 if anyone wanted to check and with the one we have included being the 19/7/2009 which actually produced a low and the market turned up from here. The next date i will be watching will be the 28th of May, if the market is running down into this date and it forms a reversal candle it could be a good long opportunity. The turn on the 480 cycle which is for the 18th comes in on tuesday and that looks like it will be a run down from there seeing as monday will be down?? Just my best guess. (maybe run down into the 28th then turn up?)
The All time lows were $14.40 and i have projected this as a 144 calander days forward. These have given the to dates indicated witch both have come in as tops. The next date comes in on the 19/8/2010 so another one i will watch closer to the time.
I hope this chart isnt to messy it really is my 'working' edition and i didnt really neaten it up. I will try a bit better next time :)
Just some more things to keep in the back of your head :)
What are your thoughts on CBA? I got a tip from a broker at Macquarie. Haven't had a chance to look at it in great depth, but the yield alone in looking pretty sexy!
ReplyDelete