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To: jjstingray who wrote (80653)9/5/2003 12:54:02 PM
From: skinowski  Respond to of 209892
 
Yes, for ES I get potential Fibo R's at 1036-46, and near 1067-70, which happens to be a 38.6% retracement of the decline off the all time highs.

The decline into 8/26 should turn out to be a rather shallow Wave 2 of the current advance (W5?). It was sharp, so, classically, we should have a protracted triangular or flattish wave 4 - when the time comes, if it hasn't yet.