Hi atlunch,I agree that this is just a temporary top . In fact...

Hi atlunch,

I agree that this is just a temporary top . In fact if you look at the chart carefully, I have drawn a dotted trendline below the current price which is the projected support line based on the balance dynamics of the price movements. As you can see, this support trendline is close to current prices - it does not show a sharp drop from current price, indicating a shallow retracement or pullback, though we have to see whether this support line will hold. I have not attempted to project the dates of the termination of the correction from the cycles, and perhaps the next time we meet in the XJO forum, I'll try to show that.

Anyway, thanks for the opportunity for me to clarify this point which you raised, and also thanks for the feedback. Until we meet again, cheers

dascore