P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (11358)	10/17/2002 2:52:04 PM
From: ajtj99	Read Replies (1) of 30712

I believe above the 1290 area is approximately the .618 re-trace of the drop from 1426 to 1108. (318 * .618 =196) = 1305 COMP. That's the gap that's unfilled. Taking 196 and a local top around 1305, we could get some fib numbers for a drop. One would be 196 x 1.618 = 317 1305-317=988 COMP If we hit 1315, we drop to the 982. By the way, the April 2001 ramp was tested early on. The gap support held partially, providing a decent re-test of with in 5%

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