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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (17693)4/30/1998 11:44:00 AM
From: ratan lal  Respond to of 94695
 
vitas

Just for yuks, the fibo .618 retracement of the spx high at 1132.98
and the low at 1076.70 = 1111.76

AMAZING. Thats exactly where we are stuck right now (1111.80). the market cant make up its mind on where to go from here.

What do you think will amke this market move OR will it just stay here the rest of the day??

ratan



To: Vitas who wrote (17693)4/30/1998 11:48:00 AM
From: bearshark  Read Replies (1) | Respond to of 94695
 
Vitas: I think we should all turn to W. D. Gann and just go crazy.



To: Vitas who wrote (17693)4/30/1998 11:56:00 AM
From: Oeconomicus  Read Replies (2) | Respond to of 94695
 
Vitas, as I didn't have the exact low handy, I was off a little on the .618 retracement. Assuming that this is really an important level, how far through that number can it go before you see it as more than just a retracement prior to further downside?

Bob

PS: Bearshark, "bun theory"? Is that the point where you a** is toast?


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