cranking up for an assault on 3133/30

  1. 175 Posts.
    there is magic in this number. These days have shades of April 2000. XAO at this stage in 2000 tested 3130 and on April 12 blasted through 3130 after 1 test. It then fell 250 points in 3 days. Very similar set up here
    except we have Sept 2001 low as the first major lower low. If this pattern continues and a new low is found, it will be in the 2600-2700 area. I think that would put a solid base on the XAO which could remain intact for a while. Giving us all a much needed breather from the reality of this SM debacle.
 
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