maxi's - do me, i'm famous - thursday, page-71

I agree but here's a different spin on where we are short term?

Good old Gann and the Sq 9 which is simply reducing the price to the square and then applying Gann's golden 2,4,8,16.

Back to the big low on 9-3-09 and using the XAO for purity.
[It doesn't work with the XJO]

3052.5 sq root = 55.25
Add 16 = 71.25 squared = 5076.6

The top on 11-4-11 was 5069.5

Now working down from that top we get,

5069.5 sq root = 71.2
Minus 4 = 67.2 squared = 5415.8

Which nailed the support from 20-6-11 for over a month.

Now we've fallen through that support it seems inevitable, famous last words, that it should fall to the next support level. This the mid sq 9 level.

Using the 11-4-11 top.

5069.5 sq root = 71.2
Minus 8 = 63.2 squared = 3994.2

From the 9-3-09 low it's 4000.5

October looks good, bad really.