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

To: Jack of All Trades who wrote (132446)	5/5/2006 2:05:46 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Can be. However: On the upside, 1323'ish is a Fibo 70.7% retracement of the 2000-02 Bear market. The upper line of the ED projects to cross that level in early May... but the price can get there sooner if it tries hard enough. the above is from my post from 4/13. (http://www.siliconinvestor.com/readmsg.aspx?msgid=22353852&srchtxt=%20spx%2070.7%) Today (early May -g) the action is right where and when I projected it. That doesn't mean this will prove to be correct - may turn out to be just another resistance level for the Bull to chew through. We'll see.