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i'm guessing that babylon1 is referring to the repeating pattern in the XAO chart arising since march bottom this year.

on a time basis it would seem that we are hitting support within a rising channel. the xao is also resting just above support at say the low 4400's.

it would seem from the charts that a fall into the 4400's over the next week would not hurt the trend that seems to be developing. Next target on the upper resistance of the rising channel about say 5400 in four months (march). that might signal a top (12 month anniversary of low).

speculating of course and can only treat each day as it comes.

GC