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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (208744)5/18/2012 3:59:50 PM
From: lindalib1 Recommendation  Read Replies (1) | Respond to of 208838
 
Seeing a number of stocks bouncing up from 52 wk lows...would not want to be short on Monday.



To: SirRealist who wrote (208744)5/18/2012 4:19:16 PM
From: SirRealist  Respond to of 208838
 
Takes me three tries to get my math right.... From December closing low (1523) to March closing high (3123) is a 600 pt rise. A Fibonacci retrace means we should expect a close of 2752. So if we get a big selloff Monday that dips below that, I'd expect a nice rebound before the day is out.


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