Re: [RT] S&P @ 61.8% Retracement Level

["Don Ewers" <dewers@xxxxxxxxxxx>]

Just a mental note, absolutely everyone is aware of the current rising wedge and break (as well as the  past ones in this broad decline), what I find interesting is, literally everywhere financial news, lists and newsletters ect. are talking about it . . . begs the question, are we missing something?

 

Attached is a chart which shows the upsideAGET  MOB's have still not been met, and a cup has formed, whitch "so far" has a very shallow handle.

 

Worth considering anyway?  For the handle to be violated prices would need to go lower, certainly beyond . 82 and failure beyond .618.  So far above .236?

Don Ewers

 

 

 

----- Original Message -----

From: Ben

To: realtraders@xxxxxxxxxxxxxxx

Sent: Thursday, April 23, 2009 1:17 PM

Subject: Re: [RT] S&P @ 61.8% Retracement Level

Excellent chart Peter

we are going to break that low soon

most likely 800-805 by Monday/Tuesday

Ben

----- Original Message -----

From: Pete Lieber

To: realtraders@yahoogroups.com

Sent: Thursday, April 23, 2009 12:33 PM

Subject: [RT] S&P @ 61.8% Retracement Level

The SP-500 is currently near 838.03, which is the 61.8% (.618034) level from the yearly high of 943.85 (Jan 6) to the yearly low of 666.79 (Mar 6). 

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