Monday 10 October 2011

Follow on from the 'BEAR' in there

XJO weekly zooomed out over 10 years is showing signs of backtesting that fib level 2005 fell in love with and the 2010 support area also while we are on the subject.


and while we have it open lets look at a projected range down , RSI looks like running to the black trend line and a completed range from the 1st leg down of 2007 would take us to a major support? This is my worst case scenario but I favour a retest of the 3700 area as a bottom from the chart depicted on weekends blog.

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