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 -----
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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