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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: cybersaavy who wrote (132366)	5/4/2006 10:39:59 PM
From: skinowski	Respond to of 209892

Interesting how the indices act as if they are dead in the water while so many individual issues have tremendous volatility. Check WFMI - after a mighty down fiver, the stock rebounded from the March 14 low, tracing out (so far) 3 waves up. At today's high the stock retraced between 50 and 62% of the down impulse. stockcharts.com edit - Interesting that on Sharpcharts WFMI retraced just about 62% of the decline, while on QCharts - noticeably less. All Fibo's are not created equal... -g