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To: pater tenebrarum who wrote (66251)10/4/1999 5:43:00 PM
From: donald sew  Read Replies (3) | Respond to of 86076
 
Heinz,

Although the DOW gained 320 points off the intraday lows of the previous trough, the FIBINOCCI retracement levels(38%-62%) in from 10570-10880, approximately.

Only about 1-2 more days of upside potential even if the FEDs do not raise rates or change the bias. So just a bit more upside.

There is quite a bit of resistance it the 10500-10600 region, which would be near the 38% FIB REBOUND level. If the DOW cant break the 38% FIB level with significance, I would take that as a negative and that the downtrend is still in tact.

seeya