[RT] Fibonacci Retracement

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

I'm not a big fan of Fibonacci or Elliott as a market predictor.  However, we did have a remarkable Fib occurance yesterday.  On March 12, 2003 the SPX made a significant low at 788.90.  On October 10, 2007 the SPX nearly doubled (+787.19 points) to 1576.09.  A 38.2% retracement yields 300.68 points (.618034 X .61803 = .381966 X 787.19).  Yesterday's low of 1274.29 represented a drop of 301.8 points from the top (see chart). 
 
 
Pete
__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___

Attachment: SPX Fib 012208.gif
Description: GIF image