SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stoctrash who wrote (2051)6/25/1999 1:52:00 PM
From: Rarebird  Read Replies (2) of 6531
 
Patsy Collins:

< A Fibonacci 3/8 retracement takes us down to 9713, this coincides with the weekly close of 9736 very well.>

You are making quite a big assumption: You are assuming that the retracement will be taking place within a Bullish context.

If the retracement takes place within a Bearish context, Dow 5,950 is a real possibility. A Real Bear Market typically retraces 1/2 the entire advance of the Bull from day 1. That would be starting August 1982( Dow 800 ) to the most recent high of 11,110.

Don't kid or delude yourself into thinking it cannot happen. It has happened before ( most recently, early 70's ) and it will happen again.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News