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Gold/Mining/Energy : Sideware Systems - SYD.u/V, SDWSF -- Ignore unavailable to you. Want to Upgrade?


To: duncan who wrote (3813)6/4/1999 4:45:00 PM
From: Charles Kalb  Read Replies (3) | Respond to of 6076
 
To Thread: I'm sitting here kicking myself for not anticipating this retracement from the $3 level. After all, SYD had retracements of a bit greater than Fibonacci 61.8% from both the $1 and $2 resistance levels. Why should $3 be any different?

From $3 SYD has now broken below 20 MA, trendline, and standard error channel support levels and the close today sits near the 38.2% Fib retracement level. It might try to hit the 50% Fib level at $2.03 on Monday. Sure hope it doesn't go for another 61.8%-plus retracement.