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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (27167)7/8/1999 11:51:00 PM
From: Chip McVickar  Read Replies (2) of 44573
 
Such a crude market
Almost back to purchase price.....and just think no margin calls <<smile>>

Actually all the major peaks in here look a little crude....especially the Dow.

My Fib Guess:
·1388spx is tested and then a 62% retracement of the gain from 6/24 low 1308 to 7/6 1405....

·My target is 1345 SPX  1405-1308=97x0.618=59.95

·Time Goal is 3.25 days = Tuesday 13th early afternoon.
·Tuesday is the day after a new moon...good day for a reversal <<chuckle>>
·Wednesday is the 13th day from the low at 1308

·March Low fork off the daily SPX projects a lower tine right at 1345± by Tuesday.

Lets see what happens GZ....

Chip
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