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

To: RealMuLan who wrote (37333)2/9/1999 11:07:00 AM
From: Berney  Read Replies (3) | Respond to of 94695
 
Yiwu, I was noting 50% of the retracement from the close on 10/8 to the high.

In the fibonacci world, there are 3 key numbers 38%, 50%, and 62%. It is not unusual for a strong stock to give up 38% of its gains before moving to the next higher level. A break of the 38% portends the potential of testing the 50% level, etc.

Berney


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