Looks to me like we hit the major fib extension targets from the
2008 lows and the 11/15/12 rally of the last year
plus. . The Dow still looks
higher, 17,400 or so, which would be in line with the MSFT,
JNJ breakout. T CAT and CSCO are at
intermediate highs, with room to range trade. GWW bear flag
after falling out of a rolling top after a completed fib
rally. DHR similar. A lot of extended bear flags on no
volume last week, till Thursday and Friday. Lot of gaps
filled.
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SPY fib line touches 5 yr 161 and 2 yr 100 extn hit , major resistance
Posted by cmunny on 5th of Apr 2014 at 05:45 pm
Looks to me like we hit the major fib extension targets from the 2008 lows and the 11/15/12 rally of the last year plus. . The Dow still looks higher, 17,400 or so, which would be in line with the MSFT, JNJ breakout. T CAT and CSCO are at intermediate highs, with room to range trade. GWW bear flag after falling out of a rolling top after a completed fib rally. DHR similar. A lot of extended bear flags on no volume last week, till Thursday and Friday. Lot of gaps filled.