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Thursday, October 20, 2005 6:06:29 PM
***BROADER MARKETS, FIB RETRACEMENTS COMPLETE?***
Following are the October 3rd/4th highs >>> October 13th lows >>> and then today's highs which quickly reversed for the markets, Nasdaq Comp. (-1.11%), S&P 500 (-1.50%), and DJI (-1.28%)... thus the significance of today's high...
Nasdaq Composite = 2,167 - 2025.58 (-141.42) >>> 2096.43 (+70.85), a near perfect fib retracement of 50.1% (slightly off of 50%)...
S&P 500 = 1,233.34 - 1,168.2 = (-65.14) >>> 1,197.3 (+29.1), a retracement of 44.7%....
Dow Jones Industrials = 10,637 - 10,098.18 = (-538.82) >>> 10432.78 (+334.6), a near perfect fib retracement of 62.1% (slightly off of 61.8%)...
Following are the October 3rd/4th highs >>> October 13th lows >>> and then today's highs which quickly reversed for the markets, Nasdaq Comp. (-1.11%), S&P 500 (-1.50%), and DJI (-1.28%)... thus the significance of today's high...
Nasdaq Composite = 2,167 - 2025.58 (-141.42) >>> 2096.43 (+70.85), a near perfect fib retracement of 50.1% (slightly off of 50%)...
S&P 500 = 1,233.34 - 1,168.2 = (-65.14) >>> 1,197.3 (+29.1), a retracement of 44.7%....
Dow Jones Industrials = 10,637 - 10,098.18 = (-538.82) >>> 10432.78 (+334.6), a near perfect fib retracement of 62.1% (slightly off of 61.8%)...
HI-HO SILVER !!!
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