ellipse update- wither the support & resistanc, page-8

Hi friends,

One more update on the constant size ellipse for the XJO as at today's close...for those who might have missed this chart over the last few months:)

dascore

Note- the breakdown or breakout often occurs when prices reach the last third portion of the last quarter...this gives us a rough estimate of the time when we can expect some movement ( breakout or breakdown) --if previous behaviour is expected.

Have fun,

dascore