thirsty thursday, page-58

Do yourselves a favour and have a look at the one year chart of the XJO.

This is a correction on a rising market if ever there was one. Even if it was to fall further it will soon be back above todays levels.

This little route had to happen on the chart.

I am remided how resiliant the buying was around the 3700 level a couple of weeks ago. Looked like a fall was a definate, but there was just too much buying pressure.


For goodness sakes, on Monday people were tripping over each other because 4400 was on the cards. Now we are at 3750 and people are white with fear.


Don't forget that we fell from 7000 to 3100. Heck, we are exactly falling from the stratesphere.