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To: bearshark who wrote (27178)7/9/1999 9:42:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
Hello bearshark,

On the DOW...a median line off 3/19 spike has captured the DOW. It's lower tine is at 10'770 for Tuesday
·Using the interday highs/lows for the move from 6/1 = 10'725 for .618 retracement
A 32% retracement = 10'972(interday)...closer to what you expect.

On the SPX
There's another Median line at 1357± and this represents a 50% retracement from the high 7/6....

These projections are still in the proving stage....and more back testing needs to be accomplished. So this is to taken as entertainment <<smile>>

How's your volume holding up?