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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (20004)5/2/2001 5:23:40 PM
From: velociraptor_  Read Replies (2) of 37746
 
Critical Naz line moves up to 2120 on the close today. A move below this suggests a possible retrace of the entire move up from 1620.

Given today's high if it holds...

38% target is 2000, coincidentally a support level.

50% target is 1925, coincidentally the point at which that large gap below is filled.

And who says fibonacci was off the wall. :o)
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