4680 should be hit mid next week on XJO cash. XJO rallied 200 points this week and one more week worth ~200 point we would have hit the 1.618 fib extention + 3/8 time extention + 7/8 time extention of an end of a secondary 360 degree cycle that sits on 4/9/09. Question is if price hits ~4680 on 04/09/09 is it a perfect storm? I do not know the answer - I am currently long and acquired Natural gas futures last night. I am semi bullish but that perfect storm has me somewhat concerned. The reetracement will be shallow but wave five will be as equally as shallow...from there I envisage considering the complacency in the market we shall hit new lows in 2010.
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