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To: Paul Shread who wrote (16980)10/18/2001 5:39:30 AM
From: Arik T.G.  Respond to of 209892
 
68.2% fib plus some (fib supports and resistance are rubber band style)

ATG



To: Paul Shread who wrote (16980)10/21/2001 8:41:12 AM
From: Arik T.G.  Respond to of 209892
 
S&P came pretty close to the all important support at 1053 spot. But that was a single leg down, and a second one should follow. If the second leg low could squeeze itself between the 1057 low from Friday and the 1053 support then the S&P could move higher, but it seems unlikely, and we should probably get the bigger correction to 1006.

Friday's rally was not convincing. Closed just short of the 38.2 fib to the down leg.

ATG


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