monday mess, page-75

Today XJO closed for a second consecutive day below 20.

This has only happenned twice prviously since early 1982 which is all the record I have.

Last time was 21/10/87, yep day after the crash day.

That was the low for the US but we still had 15 trading days before our bottom.

The other time was May 1984 and there was still 17 trading days befote the bottom.

In bothe cases there was a bounce or two before the low was reached.

That's about 3 weeks and is close to Feb 10 which was buy time in 1988.

Remember 4 and 10 year cycles together make 2007/8 look like 1987/8.