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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Dan Duchardt who wrote (10687)2/21/2002 6:36:00 PM
From: KymarFye  Read Replies (1) of 19219
 
"the NDX low/clsoe today is sitting almost exactly on the April 2001 low"

Yeah - during the trading day I was wondering why the sell-off stopped where it did, and didn't reach all the way down to the rim of the Grand Canyon between the 9/10 low and the 9/17 open. Should have checked the long-term chart. Not much harm done, though might have held off on a last couple shorts. There are some Fib-saw puzzle explanations, or two, as well, that you can try on... And, just in case you think I'm too Fib-obsessed - check this one out:

home.pacbell.net

I think you could say the index itself is Fib-obsessed.
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