|
PureBytes Links
Trading Reference Links
|
Ralph: This fits pretty close with the DJX targets I posted 77.41 76.38
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, September 22, 2001 1:14 AM
Subject: [RT] INDU Chart
> Tony: thanks for that chart. I'm going to begin working with it and post
> some thought over the weekend.
>
> As an alternative, here's a long-term chart without a log axis. You'll
> notice that the Dow has broken through some serious support lines.
> However, I've inserted a tool in the chart that shows Fib retracements.
> If you look at this, we are approaching the blue horizontal bar, which
> is the 50% retracement line. I think this level will hold. That's about
> 7800, which is about 400 points lower. Keep in mind that this is a
> monthly bar chart and the last bar won't be complete until next week. My
> hope is that the last bar reverses and reenters the down-sloping
> channel, which is about the 8800 mark. My reason for this is that price
> also broke above the channel at the beginning of this drop but couldn't
> hold that level, so the channel was reentered. If the channel isn't
> reentered, I think the 50% level will contain the drop. If not, it's
> apocalypse now! One more important thought. This is the Dow! If you
> analyze patterns with respect to the S&P500, a different view is arrived
> at. As always with the market, what's right?
>
> --
> Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
----------------------------------------------------------------------------
----
------------------------ Yahoo! Groups Sponsor ---------------------~-->
FREE COLLEGE MONEY
CLICK HERE to search
600,000 scholarships!
http://us.click.yahoo.com/47cccB/4m7CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|