Those banks and the like are messing up the XJO . . . XMD is where it's at!
http://hotcopper.com.au/threads/fri....2465069/page-7?post_id=14820664#.Vcxx4HGqqkp
http://hotcopper.com.au/threads/nos....2382712/page-3?post_id=14148094#.VcxysXGqqkp
Since the last post (Feb) it has (somewhat) followed the projection but overshot topside before coming back.
I think the XMD still has room to move, it got way ahead of itself . . . . could still come off another 300 points (6%) and maintain the uptrend, this may just be another healthy pull back but would not be surprised to see it retest the 50% FIB line or perhaps the bottom of the channel.
I still think it will reverse as per previous post but when . . . . maybe after testing that July - Nov14 -4700/4600ish zone over the next month and a bit.
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