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Strategies & Market Trends : Classic TA Workplace

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To: elliottrules who wrote (166784)4/18/2008 9:58:06 PM
From: Galirayo  Read Replies (1) of 209892
 
What I'm really looking at is the 2 Long Term Fan Lines.

The Red Line and the Green Line .. You'll see them if you Look .. Outside the Box. To the Right.

Today it's taken out the Red one while Support is on the Green one.

And Yes I expect R on 1400 area and /or 1417 Horizontal Area. If I had to look into a Chrystal Ball ..
the shadow of the candle would be 1417 .. and the Candle body would be 1400.
Or it may bounce within those areas of S and R .. while it decides.

But It should make a Decision near April 25th When the 2 Blue 1x1's make the Crossover.
Have to Allow a Few days deviation as this chart will change with a +/- Error Factor.

Talk about the Beauty of Fibonacci. .. It's Universal no matter "HOW" you look at it.

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