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techcharter

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techcharter

Re: techcharter post# 45489

Tuesday, 04/12/2011 8:09:31 PM

Tuesday, April 12, 2011 8:09:31 PM

Post# of 51804
SPX hit 1st Fib Number

SPX retraced the 33% fib ratio of the rally out of the March '11 lows. The larger picture is wave 3 of 3 probably unfolded today. Waves 4-5, of several degrees should find support around 1305, the 38.2% fibonacci, over the next 2-3 days.
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