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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: GREENLAW4-7 who wrote (20007)	5/2/2001 5:48:26 PM
From: velociraptor_	Read Replies (1) \| Respond to of 37746

Some more interesting tid bits... If the DOW high stands at 10,940... 38% retrace target is 10240. Coincidentally, this is support at the bottom of the tall white candle on the daily charts and also where the 50 day MA is. 50% retrace target is just above 10,000. Also major support. If the S&P high at 1273 stand... 38% retrace target is 1200. Obviously major support and the 50 day MA is right there. 50% retrace target is 1177. Fills the large lower gap, and is major support from the late March high. Incidentally, this would also be the top of wave 1 up from the lows within the rising wedge. Fibonacci strikes again.