armstrong and the xjo, page-11

In those two charts, it is interesting to note that Sep 21 was a major high in one and Sep 24 a major low in the other.

Some would suggest that the equinox is always an important time.

That is Sep 23 this year and futures expiration is Sep 20, so little doubt it will play a part somehow.

If this market continues up to even 6500 it won't be unreasonable before a pullback but there is so much overhead resistance it will be hard fought IMO.

I don't know if the California veto on BHP's NatGas pipe will have an effect tomorrow.

Revising quarterly trend to log allows SPI 24 hr to 6520 but yearly XJO is only 6750 so that is 5% max for the year from here. Better to have money in interest bearing fund IMO.

Metals are looking week and Hoye has suggested June end +/- 2 weeks for a low, US dollar looks like strengthening for a bit so perhaps AUD retraces back to 80c.

Gold has major support at 625/30 at 65 weekly ma IMO.

US is in an exhaustive move that is usually terminal. Mclaren suggests June 14 and June 4 for XJO.

Is it the fear of a Labor win the excuse for a downturn into Sep/Oct/Nov, or will it be the result at the election an excuse for a mini crash.