7 in a row wednesday, page-4

good morning fellow punters....

XJO chart and its possibilities......

yesterday, we had an inside day on light volume....

today we are likely to see an up move to make new daily highs....however, once again volume will be light ......

the big question is what happens tomorrow......

I am tipping we will chase the up trend line from May 18th, culminating in a top of around 4220......possibly on Friday.....which is a 7 week time frame....

XJO 4220 is also the 50% retrace level from May 1st high to recent lows.....

to one of my favourite tools...Monthly Pivots

R4 4,601.33
midpoint 4,514.33
R3 4,427.33
midpoint 4,340.33
R2 4,253.33
midpoint 4,213.50.....target for rally high
R1 4,173.67.....today's target
midpoint 4,126.50.....yesterday's close
PP 4,079.33.....major support on any retrace
midpoint 4,039.50
S1 3,999.67
midpoint 3,952.50
S2 3,905.33

The Monthly Pivots tell us we are in a short term Bull Run as defined by being above our Monthly PP.....while it remains there....the Bull is alive......

Finally.....watch the movement in ASIAN Gold.....an advance gives us better than 80% chance of another up night while a decline signals possible weakness coming ......

of course.....these are only my own weird and wacky ideas and should be viewed as entertainment value at best....

long live the punter....

and el capo...I admire you for putting yourself out there.....

you are obviously a true liberal thinker