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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.100.0%4:00 PM EST

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To: j g cordes who wrote (36213)2/22/2002 11:49:19 AM
From: Johnny Canuck  Read Replies (1) of 69965
 
We hit the 1698 fib re-tracement target I had for the COMPX and are now moving up. Let's see if they try to close the indice up as to not create panic on Monday or the index collapses due to traders now wanting to hold positions over the weekend.

The ribbon study in one of the charts you posted indicates the COMPX is basing for a move up as the averages are starting to converge.
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