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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (30887)3/5/2003 11:31:39 PM
From: bramble88  Read Replies (1) of 57110
 
839 could happen. It is actually the 61.8% retrace(not 50%; I mistyped).

We could either have that -and a shrunken replay of the higher up channel, or we could just have an a-b-c sequence, to 832.

Here's what I see on the COMP:

stockcharts.com[r,a]ecclyyay[pi][vc60][iub14!lh14,5!la12,26,9!uk14][J10592533,Y]&pref=G

Resistance at 1324; if that is it, it might correspond to SPX 832.
But indicators on the COMP are more in the mid-range, so it could run up into the low 1330s, in which case SPX-839 is likely.

Maybe it's all just splitting hairs anyway..
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