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Pastimes : Ask da_cheif
MVIS 0.919-7.4%3:59 PM EST

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To: GROUND ZERO™ who wrote (5291)9/22/2001 10:44:54 AM
From: Chip McVickar  Read Replies (1) of 8150
 
Dow Jones closed at 8235.81

Fork these daily DJIA points...!

handle: 7/17/98
low: 9/01/98
high: 1/14/99

The DJIA responded to this fork a number of times...,
and the lower tine is at 8000±.

Weekly Dow chart:
handle: Sept 2000 wk2
low: Mar 2000 wk4
high: May 2001 wk4

Market is resting on this lower tine.
It is the only forward fork that makes any sense.

Fibs of importance:
8225... is a .318 retracement off the low on 10/11/90
8350... is a .618 retrace off the 4/9/97 low

8050... 1996wk4 high the fib retrace is .618

The low for yesterday was 8062.34

Add to this what we already know and the prospect of getting closer to a potential bottom in the 8200-8000 area is growing.

Wonder if the Funnymentalists believe that stock valuations are closer to reality around the 8000 mark....?
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