Replies to post #8675 on Profunds index and sector trading (PRO)

[Z-M-L]

I am using Fibonacci Rules for calculating PRICE And TIME targets. The Intial decline in the SPX was from 1063 to 1102 over roughly eight (8) Fibonacci trading days. The Wave (ii) correction was a (.382) retracement in both PRICE and TIME. The probabilty is HIGH for a Fibonacci increase of (1.618) in both PRICE and TIME for Wave (iii) or (c). That equates to a decline of 98.08 SPX points from 1125.50 over thirteen (13)Fibonacci tarding days.

Remember, we are only dealing with Probabilities, not NOT Absolutes. IMHO