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

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To: Chip McVickar who wrote (44183)	3/14/2001 8:54:39 AM
From: Patrick Slevin	Read Replies (2) of 44573

Finally, a reporter who says what is going on without presuming to know "why" it is happening. netscape5.marketwatch.com Looking at a daily SPX last night I noticed yesterday's lows were just below a 1.618% retrace from the December Lows to the January Highs. I cannot recall the significance of a 161.8% move, can you? I have that pegged for some reason but it happens so rarely I forgot why I have it marked!!!! More strange but true fib numbers. 1071 is a 38.2% retrace from 1990 Lows. 1126 38.2% from the 1994 Lows Most likely we shall break the 78.6% retrace from the 1998 Lows today, which is at 1059 I'm looking forward to a day when I can try to target retraces going up, instead of down. Anyway, it seems like a fair day to trade currencies, I hope. So I took the CDM1 Long at 64^60 Yes, I'm too old for this stuff.

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