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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (78092)12/6/2007 8:39:02 PM
From: Real Man  Read Replies (1) of 94695
 
1511.16 cash is another important number, Fib. retracement of
the first impulse down. If this is a bear market and we
reverse, we could BK here. However, October, 11 was the high,
and Fib. time of 55 days for da BK has now just expired. <g>
Sometimes it does go to the next number 89, such as in 1998 <g>
I'll play it long, as 1490 was more important, and we broke
it, but watch out for some reversals. These markets are sneaky.
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