##{"id":50567,"date":"2016-09-26T10:29:07","date_gmt":"2016-09-26T00:29:07","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/09\/26\/asx200-still-pointing-down\/"},"modified":"2016-09-26T10:29:07","modified_gmt":"2016-09-26T00:29:07","slug":"asx200-still-pointing-down","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/09\/26\/asx200-still-pointing-down\/","title":{"rendered":"ASX200: Still Pointing Down"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

Sideways before lower<\/strong><\/p>\n

We suspect the ASX200 is in the process of completing a (B) wave within a structure correcting the seven month rally from 4700 to 5600. The implication is for 5-10 days trading between 5250 and 5450 heading south via wave (C). Trading above 5450 for more than 3 days negates our view.<\/p>\n

Downside Targets<\/p>\n

\n
the bottom of wave 4 around 5000<\/li>\n
where (C) = (A) at 49080 based on assumption that (B) tops out around 5435<\/li>\n
channel break target =4750\/4800 (i.e height of channel subtracted from line break point)<\/li>\n<\/ul>\n
\n $\"\"$ <\/p>\n
\nAnother trading idea from<\/strong><\/p>\n
Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a> <\/p>\n
FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27 years experience<\/strong>.<\/strong><\/p>\n
AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n
Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n
Technical limitations <\/strong><\/em><\/p>\n
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Nick Linton-Ffrost of Fifth Wave suggests the technical outlook for the ASX200 has not changed since last week — sideways before lower.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/50567"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=50567"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/50567\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=50567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=50567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=50567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}