here come the bulls ehehehehe, page-75

re: here come the bears ehehehehe The XJO is a give away.

here you have had a market which has gone sideways for a month, i.e. one or several cycles have been working againts each other and evidently the negative cycles where of a short term duration, which have now turn positive.

These cycles held the market down for a month, so you would at least expect half a month of good upside movements.

Looking on the hourly chart, Friday already retraced back to this consolidation, today it broke sharply higher and took 4hrs VS 2hr to get up to fall back to this old resistance.

As far as I am concerned, the XJO should bolt.

As for the FTSE and I still short and as always the friggin poms doing another ballet dance, however a week or so sideways on Wall Street would be a major positive for the XJO (it likes a calm environment) and the FTSE its the weakest of all three so it should gradually work lower.


My view anyway