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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: John Madarasz who wrote (136)12/2/2002 9:18:17 PM
From: the-phoenix  Read Replies (1) of 941
 
Hmmm.. my numbers based on SPX are a little different:

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What I wanted to note, tho, was that the Three Drives completed not only at that 1.618 fib and the H&S Neckline, but also right back to the mid-tine of that Pitchfork I have been using for the last few weeks (thin blue line) and just below the trendline off the July low. Tons of resistance, all hitting that area at once today.

My original projection for the top of this move was 956-959, largely based on those same lines and fibs:

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