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Strategies & Market Trends : Drillbits & Bottlerockets

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To: John Pitera who wrote (4491)2/24/2001 7:39:51 AM
From: Rich1  Read Replies (1) of 15481
 
The question John will this hold??
When the NAZ moved to the 50 percent 2560 number a few months ago it bounced very strongly also..
Unfortunately it later pierced that like a knif e through butter..
bigcharts.com

Look at the bounce at 2560(50 percent) in December off that 2560..

Also we bounced off 3171 which was a .618 retracemenof the March high look at that bounce in October it too failed..
bigcharts.com

I hope this doesn't if it does I think we all need to head for the hills...
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