24/06/2009 'the big call - 3920 on the 30th June then a move 'down'.'
Well we got there but i think the 'down' call is wrong and we will retest the L-T downward trend once more for good measure.
Another call;
29/06/2009 'i'm actually expecting the XJO to hit the 61.8% number and then fall'
Well we did just that, we fell back through the 38.20% mark.
01/07/2009 'We are heading long back to the L-T downward trend line'
Why; my call on the 24-06 was to hit the 50% retrace mark the collapse, we infact hit the 61.8% mark thus i believe we have more upward room to move.
i think we have also formed an upward channel on the DJIA and this is a good sign because for me it is showing 'direction'
You can see that the upward channel has been forming for the past week, we hit the top of the channel 'late june' - rejected now we have hit the bottom and 'holding' this is the key, we 'hold' this now and we go long till the 7th.
'the holy grail' for the XJO has re-appeared for me - will it play out this time - LOL
safe trading
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