12 replies to this topic

[Echo]

If you liked the 27 year trendline support for the big board, you might be interested in the 61.8% retrace off the 1982 lows for the same index. Echo

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[humble1]

echo: you are right! it is an exact hit on the spx, too: 1576-105 = 1471 1471 X .618 = 909 1576 - 909 = 667 nicely done!

[da_cheif]

61.8.s dont usually mean much.......unless this time its different.....its the 75 or 70.7 that has more meaning....even more meanigfull in my mind....is the 78.6 off the 1994 low....twas a 4 year cycle.....the nya nailed it along with that trendline off the 82 low

Edited by da_cheif, 08 March 2009 - 07:31 PM.

[qqqqtrdr]

61.8.s dont usually mean much.......unless this time its different.....its the 75 or 70.7 that has more meaning

61,8 is the a strong FIB number......... It increases the likely hood of a bounce. Over the last 4 weeks, we have a greater chance of a bounce here than anytime else...... Are you going to trade it.......

Barry

[da_cheif]

61.8.s dont usually mean much.......unless this time its different.....its the 75 or 70.7 that has more meaning

61,8 is the a strong FIB number......... It increases the likely hood of a bounce. Over the last 4 weeks, we have a greater chance of a bounce here than anytime else...... Are you going to trade it.......

Barry

i got long friday at 675...btw the nya nailed the 78.6 off the 94 low

Edited by da_cheif, 08 March 2009 - 07:34 PM.

[da_cheif]

If you liked the 27 year trendline support for the big board, you might be interested in the 61.8% retrace off the 1982 lows for the same index.

Echo

nice chart eh....

[TheArchitect]

If you liked the 27 year trendline support for the big board, you might be interested in the 61.8% retrace off the 1982 lows for the same index.

Echo

do you regularly use arithmetic scales for such long term charts?

[da_cheif]

If you liked the 27 year trendline support for the big board, you might be interested in the 61.8% retrace off the 1982 lows for the same index.

Echo

do you regularly use arithmetic scales for such long term charts?

echo posted that chart

but arithmatic or log......it all comes out the same.......watch the sky......

[Echo]

The first target on the NYA is met. Could see a reaction down from it. Echo

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[spielchekr]

Here's a Fib fan for your study's period and scaling.