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,
which "so far" has a very shallow
handle.
Worth considering anyway? For the handle to
be violated prices would need to go lower, certainly beyond .382 and failure beyond .618. So far above
.236?
Don Ewers
----- Original Message -----
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 -----
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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