xjo weekend zoomba lounge, page-78

This week will indeed be pivotal, in which case IMO we're going to get a great rally in stocks and PMs after some early weakness. I'm deploying more cash and bonds in my super into bargain stock funds, big and small and especially with golds in the top 10, as I have been since last week... cheers

I've attached my Dow chart to show why I believe we're going to have a big rally this week provided the dark blue uptrend support line holds, or at least the 12750 horizontal mentioned by other chartists and posters recently. The top green descending line is from the 2007 high. The Dow has hit it three times in four attempts (three taps and the next one will be out). When it does this we will be on our way to 14,000 later this year. Finally, on Friday the Dow popped out of the green downtrend line since May 3 on Friday. There is a confluence of several key support lines at 12750-12760. If this level fails in the next few days the next key support is the green downtrend line at the bottom, which is the line from the 2007 high to the July 20, 2011 top, and when the Dow is above this it is bullish. JIMO of course, DYOR and take responsibility for your decisions! Cheers