[RT] Re: Monthly s&p fibs from mid 1990

[bruce.larson@xxxxxxxxxxxxx]

Thanks.  I appreciate your post.  I'm not slighting you here but 
isn't fib .618, .382, or .236?   50% and 100% retraces sound more 
like Gann or Murreymath.  



--- In realtraders@xxxx, ChasWaring <cwwaring@xxxx> wrote:
> two fibs,
> 
> one from the 1990 low
> 
> the shorter one from the 1998 low
> 
> 
> 
> the confluence of the two occurs at the 920 level,
> = a 100% retracement of the 1998 move and 
> = a 50% retracement of the 1990 move.
> 
> 1092 represented the 38% retrace of the 1990 move


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