4 replies to this topic

[relax]

Skott, I remember you mentioning 2624 as the 38% fib resistance of the entire decline from the 2000 highs Which top and bottom did you use?did you use closing prices For me the top is 5132 and bottom 1108, hence 38% at app. 2645

[da_cheif]

Skott, I remember you mentioning 2624 as the 38% fib resistance of the entire decline from the 2000 highs

Which top and bottom did you use?did you use closing prices

For me the top is 5132 and bottom 1108, hence 38% at app. 2645

2645 is correct.......its gonna blow thru there like a hot knife tru butta......

[fib_1618]

While waiting for Skott's reply, here's a chart with Thomson as the data source, close basis.

Skott may have another data source, but the numbers should be within 1% of one another.

Fib

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&st=2000-01-01&i=p18734904643&a=86576656&r=10.png

[kc135a]

Skott, I remember you mentioning 2624 as the 38% fib resistance of the entire decline from the 2000 highs

Which top and bottom did you use?did you use closing prices

For me the top is 5132 and bottom 1108, hence 38% at app. 2645

For giggles ....... some other Fib stuff

Today is the 55th trading day from the March 14th low and this month is the 55th month from the October 2002 low.


KC

[relax]

Thomson is probably right and that fits perfectly with today's close, just below the 38 % level

Do we go crazy from here and go to 50 % at 3000 or do we have a correction now?

Have to stick with my strategy and stay in as long as core ppi and cpi is good

bull until june 14/15 - then I will reassess

Enjoy the weekend guys - I need some relief the next couple of days ;-)

While waiting for Skott's reply, here's a chart with Thomson as the data source, close basis.

Skott may have another data source, but the numbers should be within 1% of one another.

Fib

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&st=2000-01-01&i=p18734904643&a=86576656&r=10.png

Funny stuff

55 could be a turning point - maybe today was the top or at least we find a top in june

next fib is 89 - 44 long months guys ;-)

Skott, I remember you mentioning 2624 as the 38% fib resistance of the entire decline from the 2000 highs

Which top and bottom did you use?did you use closing prices

For me the top is 5132 and bottom 1108, hence 38% at app. 2645

For giggles ....... some other Fib stuff

Today is the 55th trading day from the March 14th low and this month is the 55th month from the October 2002 low.


KC