Daily Murmur

by Gary Glover

We have mentioned that Friday the 23rdof September would make a great low from a timing perspective.  It would replicate previous other cycles and mark our first higher low.  Attached is todays XJO set up and also we have attached in pdf, a document copy of 1998 low – a similar looking set up and one that has occurred a few times in the last 30 years.  17 trading days up (22 cal days) and 15 trading days down (45 cal day) low.  These are very common set ups and timing tells me this could be a sharp V shaped low.  Feels a bit scary to be buying here but thats how all good lows should feel.  We have mirrored this move exactly in the same number of days.  No one is expecting a sharp bounce from here, so that is always a good reason why it may come. 


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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