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Strategies & Market Trends : Ask DrBob

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To: Louis V. Lambrecht who wrote (39377)7/11/2001 2:13:17 PM
From: eichler  Read Replies (2) of 100058
 
LVL
I think we are set for rally mode now. Got an early signal on the 60 min compx (5e8s MA crossover).
Biggest factor to me will be IF we hold the current gains for today. Candle on the daily would be positive, a hammer I believe and should indicate a reversal.
The close today is all important, IMO.
Likely targets based on fib retraces from 7/2 high to 7/11 low...
38% 2030
50% 2060
62% 2090
calculations approximates only...
Regards,
Eichler
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