Steve's Place

[DeepBlue1]

Watch for 50% fibonacci bounce/reversal at 1/2 the highest closing price for the DOW.

You can use either the weekly or daily close. I prefer to us the lower of the two in this case.

The highest Daily close was 14,164 and the highest Weekly close was 14,093.

50% Fibonacci retracement numbers...(Daily-7,082 or Weekly-7,047)

And tomorrow will be both a daily and a weekly close!

D-Day is upon us boyz! R U Ready?

Interesting that we closed today at EXACTLY 100 points above 50% fibonacci for the highest daily close. To say that Tomorrow's close will be VERY TELLING, is to make one huge understatement!

Be there or be square! LOL

And remember...it's the close that matters. Not the Intraday. That's important if you use this technical model.

Good luck everybody, and God save the King!

Chart from that time period below...

http://finance.yahoo.com/echarts?s=%5EDJI#chart9:symbol=^dji;range=20070926,20071026;indicator=volume;charttype=line;crosshair=cross;ohlcvalues=0;logscale=on;source=undefined