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3xBuBu

09/29/08 12:42 AM

#35761 RE: Market Technician #35760

MT, interesting,
learning some new every day,
based on the method in investopedia, I draw some pink circles over your DRYS chart:
1st, draw a line from A to B
2nd, use B as center and draw 3 circles to represent 38.2%, 50% and 61.8% of this AB line
note my circles are just aproximate since I don't have the correct tool :-)