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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,170.80
(
0.03%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
85.15
(
0.04%
)
Bitcoin
62,836.27
(
0.38%
)
Post# of 92948
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MR MUTT

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MR MUTT

Re: ragsto post# 9102

Tuesday, 01/06/2009 8:45:56 AM

Tuesday, January 06, 2009 8:45:56 AM

Post# of 92948
That's what's called the fibonacci retracement. Either 38.2%, 50%, or 61.8%. If it is 38.2%, it should retrace about 4.58 pts. or back to about .04242. If it's a 50% retracement, then it would go back to about .041., etc., etc....

Let's hope that this is a rally instead, which will bring it to about .08...further good news to .14...then a buying frenzy to .28.

I originally bought in at .28 last year and have averaged down to about .05+.
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