Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: John Madarasz who wrote (121)	12/2/2002 2:12:26 PM
From: the-phoenix	Read Replies (1) of 941

Looks like that Bearish Three Drives on SPX completed at the 1.618 retracement of the previous downleg. I had the 1.618 at about 954 and it topped out at 954.28 this morning.(Missed a short entry at 955, Dought!) The chart you posted was looking for a 2.0 retracement to match the previous one, but there was that darn monthly Head and Shoulders Neckline to deal with right there at 950-955, wasn't there?

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