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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (137)12/2/2002 9:24:18 PM
From: the-phoenix  Read Replies (1) | Respond to of 941
 
We also hit some MAJOR Harmonic resistance in the $COMPX today:

share.esignal.com

There were four harmonic numbers all clustered between 1510 and 1521, with the strongest being at 1511-1513. The Naz reversed exactly at 1521. These are large scale fibs and likely signal the beginning of the larger correction that everyone has been waiting for. As I pointed out last night, we had not had any large scale Harmonic patterns up until now.