Edited by The End, 11 April 2010 - 07:40 PM.
1228 = .618 retrace.
Started by
The End
, Apr 11 2010 07:39 PM
3 replies to this topic
#1
Posted 11 April 2010 - 07:39 PM
1228 = .618 retrace. I have said for months that we should approach that number but not quite get there. We shall C.
O.T.
On an aside, Roger Waters is touring The Wall. Go to Rogerwaters.com at 2pm EST Monday for info.
NONE of what I type should be taken as financial advice.
#2
Posted 11 April 2010 - 08:20 PM
Why would you think that? Just curious or something.
#3
Posted 11 April 2010 - 09:29 PM
Why would I think what? That the SPX would retrace to 1228 or come close? Or that RW was going to tour The Wall?
If I am correct in {bleeeep}-u-ming that you question my thoughts on us not getting to 1228 but achieving a somewhat lower number, know that I made that statement when we where at 900ish or so. At that time it seemed reasonable that we would fall short of an expected target because we are in a BEAR market and that what tends to happen in BEAR markets. If I am wrong, I am wrong. No harm, no foul. If this is a new BULL that is secular in nature than I have only missed a small amount of the bovine flesh. I rather be a sheep for now. Especialy at these valuations.
NONE of what I type should be taken as financial advice.










