weekend wrap up, page-4

The XJO has run very hard, probably the hardest out of all global indices. Similar to the DOW chart y/day the XJO has a 1.618 extention @ 4685 with a 7/8th turn-date on the 4th of September. I see a very small retrace if it is trading in a genuine five-wave bull structure. Mathematically calculating retracement wave 4 from 4685 gives a tgt of approx 4350 by 19/10/09 then a final wave 5 to 5000 before completing its five wave bull move. From there who knows. SO I am expecting 5000 on the XJO by December.