reality check wednesday, page-38

XJO...Taking a look at an Hourly A.P.Chart, supported by some oscillators and a little H&S top over the last few days, makes me feel comfortable we will see the XJO down over the next few sessions to test at least ~ 4435 if not ~ 4360(a little longer). Now, the 4435 area would be fine for S-M/T bulls but I'm sure a move towards the 4360 area would have them "scurrying". A move to these lower levels really confirms a Daily Bearish chart pattern in play so much lower prices could be on the cards going further forward.