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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (403922)5/4/2010 6:28:00 PM
From: Jeff Jordan  Read Replies (4) of 436258
 
Let's go down to 1135 and see what the sentiment is.....200MA is 1088 , I think Myth said 1100 was support?......that's my 70% fib, we cross that we're supposed to go lower? If we bounce on 1153 38% fib that would be bullish so would bounce off 50% fib 1135? Crossing 1100 in my book would lead to the 1.62 retracement fib...that's off my chart 970......We shouldn't go there with the Fed buying equities and spoos? Best case for continuation is to bounce between the 50%-62% fib?

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