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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/hi-fc-punters-get-use-to-the-same-pattern-when-14549560.aspx

Subject:  Re: Naz Date:  3/14/2001  7:20 PM
Author:  jono202 Number:  2074 of 6186

Hi Fc
Punters get use to the same pattern. When stocks are trending up long term, corrections tend to be v shaped.
But after a big correction that brakes the long term up trend you tend to get a false rally, the rally will fall short or fail to hold past support (that often becomes new resistance) the next downtrend will often put in a lower low when all bad news is out & huge relative vol fails to push prices lower you finaly have the absolute low. Then you need a base the longer the better.
You might like this TA link.
http://www.egoli.com.au/warrants/warrant_show.asp?Warrant_ID=846

JR
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