xao topping out?

  1. 436 Posts.
    Hi all,

    I count the XAO from 2666 on Thu 13 March 2003 as being in an impulse up to date.

    In each successive impulse up, the first wave was the biggest - which makes it easy to place a limit on the 5th wave's travel (3rd wave can't be the smallest).

    This means there is ab absolute limit on how far the XAO can go up now for my assessment to be correct (any higher and my whole assessment is wrong).

    The limit is 3064. If the current structure terminates below this level, then expect a healthy correction in the XAO in coming weeks. Any higher than 3064... buggered if I know what's happening!


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