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To: AllansAlias who wrote (92911)4/11/2001 1:47:13 PM
From: JRI  Read Replies (1) | Respond to of 436258
 
The retrace (from low to present) today was near a Fibo (62%, I believe)...

Of course, if it goes higher here...I'll grasp at the 78.6% straw...



To: AllansAlias who wrote (92911)4/11/2001 3:22:07 PM
From: chic_hearne  Read Replies (3) | Respond to of 436258
 
It's funny how those stoopit old books that don't apply to today's new era (cuz it's different this time) show that human psychology will never change. Any idea where I pulled this one from? -g

I recalled old Partridge's favourite remark -- "Well, this is a bull market, you know" -- as though that were tip enough for anybody who was wise enough; as in truth it was. It was very curious how, after suffering tremendous losses from a break of fifteen or twenty points, people who were still hanging on, welcomed a three-point rally and were certain the bottom had been reached and complete recovery begun.