Tuesday, October 26, 2010 9:35:14 AM
SPYDER: Target met with an overshoot on 2 time frames, followed by a healthy drop.
Actually, on the SPX chart, the target was proposed by constructing a “geometric bearish BAT” and noticing that its target coincided with a Fib harmonic extension of the putative w2 (yellow). The rest of the stuff is obviously only tentative.
Actually, on the SPX chart, the target was proposed by constructing a “geometric bearish BAT” and noticing that its target coincided with a Fib harmonic extension of the putative w2 (yellow). The rest of the stuff is obviously only tentative.
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