7 in a row wednesday, page-54

Just received an email from Murray Dawes, the TA guy for Port Phillip Publishing. His view is quite similar to ine. He is expecting a massive downmove very soon (days or weeks) with XXJO turning down around 4200 to be followed by one of the biggest upmoves he has seen. (Maybe he's been reading my posts and likes my style!). Though he's got it wrong in that he thinks the big downmove will stop at the 2011 lows thereby creating a double bottom. That probably shows he's not that smart as he should know the double bottom will only provide a short term bounce before cracking. But once the downmove is done (3350 for mine) expect a massive upmove. Let's see.

Big reversal coming..........