by my reckoning, there are about 25 points in the rising wedge
that has just broken, making for a downside target of approximately
1050... which is more or less where the 200 MA would be, and ties
in with the 38.2 % fib. All very rough, FWIW.
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15 min SPX
Posted by isplat on 12th of Oct 2009 at 03:04 pm
by my reckoning, there are about 25 points in the rising wedge that has just broken, making for a downside target of approximately 1050... which is more or less where the 200 MA would be, and ties in with the 38.2 % fib. All very rough, FWIW.