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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (73885)11/15/2022 10:53:49 AM
From: Sun Tzu1 Recommendation

Recommended By
towerdog

  Read Replies (1) | Respond to of 97946
 
I think I drew the 2nd Fibset wrong. The picture doesn't change much but some numbers are different and the picture below is clearer. As was the case before, we bounced off of 1.382 extension and are now headed towards 0.618.

Sell target should be somewhere between .618 and 0.5 on the 2nd Fibset (closer to 0.618)
Main supports should be at 1, 1.38, and 1.618.
Minor supports at .886 and 1.27.

NOTE: This is a chart of NQ, *not* NDX.

Here's what I think the right picture should have been: