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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (34648)9/30/1999 10:05:00 PM
From: John Pitera  Read Replies (1) | Respond to of 44573
 
LOL...it didn't seem worth the effort at this point to get picky.

I'd like to see you when you start to get picky. -vbg-

as you were looking for a pullback to 1171. not 1170 or 1175.

the oct 8th low on the spx was 923.32: the July 19th high was 1419.35. So that's an advance of 496.03

a 50% retracement of the 10-8-98 to 7-19-99 advance is
248.02 which would take us to the 1171.33

For Fun... a .382 retracement would be 189.48 points, which would have us correct to 1229.87.

I think you may end up pounding all of us...other than GZ, into the Ground in this trading contest. -g-

PS>>> now that we have MICRO refined the pullback levels, this must mean that we've seen the lows and are off to new highs.....