Yes, the .941 fib seems to have held the upper end of this still
possible wave 2 of C advance up....I am glad to have been reminded
of these wave 2 fibs....I knew it could retrace almost all the way
but did not recall the higher fibs numbers....
....very encouraging for the bears...now if the SPX would make
like the
Thresher*and DIVE DIVE DIVE, hehehe. x
*the
Thresherwas an unfortunate US submarine that had imploded
and sank incredibly fast
And she don't feel like singing, oh well up we go.....slight,
very slight hope 810.48 but I expect 814 next and maybe the closing
of the gap if not 833 again....
The Trouble with Fibs
SPX wave C???
Posted by clivew3 on 1st of Apr 2009 at 01:01 pm
I may be a bit early but S&P hit the .941% retrace on the nail (cash) and has started to reverse down with all short term indicators very overbought
Yes, the .941 fib seems
Posted by perthx on 1st of Apr 2009 at 01:15 pm
Yes, the .941 fib seems to have held the upper end of this still possible wave 2 of C advance up....I am glad to have been reminded of these wave 2 fibs....I knew it could retrace almost all the way but did not recall the higher fibs numbers....
....very encouraging for the bears...now if the SPX would make like the Thresher*and DIVE DIVE DIVE, hehehe. x
*the Thresherwas an unfortunate US submarine that had imploded and sank incredibly fast
Not till the Fat lady
Posted by gan_ on 1st of Apr 2009 at 01:39 pm
Not till the Fat lady sings...
And she don't feel like
Posted by perthx on 1st of Apr 2009 at 01:56 pm
And she don't feel like singing, oh well up we go.....slight, very slight hope 810.48 but I expect 814 next and maybe the closing of the gap if not 833 again....
was worried cld be a
Posted by gan_ on 1st of Apr 2009 at 01:45 pm
was worried cld be a no show today due to MTM voting tmrw and potential G20 surprises (assuming they haven't burn London down by then)