Excellent thread.
First move down off the highs was 300 points. Subtract 300 off of the 1441 high and you obtain 1141.
That having been said, a fibonacci 78.6 percent ratio of 300 =
1205
This would mark the end of the first leg down of the Bear, and lead to one helluva counter-trend rally!
First move down off the highs was 300 points. Subtract 300 off of the 1441 high and you obtain 1141.
That having been said, a fibonacci 78.6 percent ratio of 300 =
1205
This would mark the end of the first leg down of the Bear, and lead to one helluva counter-trend rally!