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Jeff Harteam wrote:
> N/B: Current upmove had corrected 100% of the recent downleg from the
> 17,000 levels. Price had stop right at the .382 retracement of the
> whole of the Zigzag. Bias is still towards the downside. As of now,
> still waiting for price confimation to short the market and still
> trailing the long positions committed earlier on at the break of the
> triangle. Regards.
This was a timely posting and today's action shows the importance of
fibonnaci levels to anyone's set of trading tools. Turning on a dime,
the HSI now is showing a disctint retracement from the Dec 8th high.
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