SPDR S&P 500 (SPY): Dan, I am flattered. I see it going to...

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Re: omandan post# 47404

Thursday, 04/17/2008 7:06:16 PM

Thursday, April 17, 2008 7:06:16 PM

Dan, I am flattered. I see it going to 60.2 (where the upper limit of Andrew’s Pitchfork channel is intersected by the Fibonacci 161.8% speed/resistance arc, the next in line).

For other people who might look at the chart: notice Dan‘s textbook entry point, when the fractal cross-over coincides with highs of both Vol. Rate of Change and Money Flow - a rare event.

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