chart for fri - the case to buy, sell or hold?

Hi friends,

First the necessary preliminaries in the light of the "Please...please" post by Robb recently.

There is no forecasting in this chart. The chart posted is a mere technical representation of price movement and nothing more. There is zero fundamental content in this post. Please skip if you are a fundamental investor or long term position trader. Thanks.

After posting my XJO's chart yesterday, I noticed quite a few people have responded by ranking my post, indicating their interest in following the chart, and so I'm posting another update specially for them tonight, in the light of some "uncertainties" in trying to monitor the trend of the index today.

I hope this chart which shows the historical picture of the XJO as at today will provide a reasonable sense of clarity and be useful for their trading strategies. Please read the disclaimer below my signature line.

Here is the chart:



This will be the last chart update for the XJO that I'm posting for some time, and until we meet again here, may the best prices be yours. Hope the charts have been useful.

dascore.