monday excerpts - , page-2

ok ..yesterday i made some calls ..and today i have my XJO chart up ..So this is a daily going back to oct last year..
it shows 2 bell curves ..these curves so default value..
the large one shows the value of the xjo between oct and march...it pretty much 3550 ..thats the price that had the most hits and therefore value by default..
you can see since then we have another curve overlay for the rally and it's value price is 3764...the xjo is a little above that but it's heqaded that way..i said yesterday tyhat i believe that the market will gravitate towards this price level and possibably rotate around it untill the next big move eventuates..if it breakes down the xjo below 3680 then it could be in triouble ..but well have to wait and see..
the 3764 level represents good support and i think if it holds the market we can expect to see more upside ..if it gets down around the 3680 level ...then it's time to watch it carefully ..