there is magic in this number. These days have shades of April 2000. XAO at this stage in 2000 tested 3130 and on April 12 blasted through 3130 after 1 test. It then fell 250 points in 3 days. Very similar set up here except we have Sept 2001 low as the first major lower low. If this pattern continues and a new low is found, it will be in the 2600-2700 area. I think that would put a solid base on the XAO which could remain intact for a while. Giving us all a much needed breather from the reality of this SM debacle.
