Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who started this subject	1/27/2003 8:06:53 PM
From: the-phoenix	Read Replies (1) of 941

In terms of Harmonic Support, the SPX, DOW and NYSE indexes are now hitting the first potential bounce zones of what would be daily Gartley patterns: share.esignal.com >The SPX has a zone of harmonic support from 839.5 - 850.2, with today's low at 844.25. >The DOW has a zone of harmonic support from 7903 - 8069, with today's low at 7958. >The NYSE has a zone of harmonic support from 4741 - 4766, with today's low at 4772. Technically, these aren't proper gartleys, which would need to have the CD legs extend down to the .786XA levels, but they could truncate here at the .618XA levels for at least a bounce of a couple few days. Since so many other indications suggest an oversold bounce is due, it is worthwhile to see if there are any harmonic levels to support such a bounce here, and there are.

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