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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (2909)6/29/2000 6:01:00 PM
From: xcr600  Read Replies (1) of 30051
 
Zeev does your 3840 for naz support come from the fact that it's a 38.2% retrace from the April lows? I noticed that the naz failed to take out 4087 which would have been a 50% retrace. I breakout over 4087 should (could?) send us to 4334 area.

btw, I am basing these numbers on the high set in early March, not late March. If I used late March then the numbers need to be reduced a little bit.

Curious how much you use Fibonaccia numbers.
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