take one for the team friday, page-109

XJO in a clear bear market. Just keep it simple. Forget your Gann counts and Fib points for a second and just look at the chart.

Big lower double top in place at 5000.
Look at the move down from 5000 high to August low. It looks pretty quick. Now look at the move since then. We're 4 months on and look where it is. Looks very corrective to me.

Simple stuff folks.

That uptrend line from that August low looks like it is gonna break any day now which will signal the correction is over. It is GOOOOOONNNNNE.

But having people think its going to 4900, 5000, 6000 is what makes the market. Forget about the XJO playing catch up to the Dow. Once the Dow puts in its high next week the Dow is gonna play catch up to the XJO.

My opinion only.

El Capo