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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (30853)3/5/2003 10:26:58 PM
From: bramble88  Read Replies (1) | Respond to of 57110
 
SPX: Here's one thing I was looking at -using Jorj's channels-

stockcharts.com[r,a]fcclyyay[pi][vc60][iub14!lh14,5!la12,26,9!uk14][j10558283,y]&listNum=2

I don't know why the fibonacci lines are not showing on the chart, but 832 corresponds to 38.2% retracement of the drop from 852. I was thinking that may be the turning point. Stochastics are getting high enough to make this plausible.

EDIT: the 50% retracement is just below 840, and there is similar chart resistance ~839.