Replies to post #150 on Steve's Place

[starboy]

I'll guess at $1400 to $1500 by end of year.

A miner, EGO, that looks to be moving on up.
Also check out AUY, RGLD, IVN.

[DeepBlue1]

Watch for 50% fibonacci bounce/reversal at 1/2 the highest closing price for the DOW.

You can use either the weekly or daily close. I prefer to us the lower of the two in this case.


The highest Daily close was 14,164 and the highest Weekly close was 14,093.(7,082 or 7,047) If those don't hold...????

Interesting that we closed today at EXACTLY 100 point above one of those.???

And remember...it's the close that matters. Not the Intraday. That's important if you use this technical model.

Chart from that time period...


http://finance.yahoo.com/echarts?s=%5EDJI#chart9:symbol=^dji;range=20070926,20071026;indicator=volume;charttype=line;crosshair=cross;ohlcvalues=0;logscale=on;source=undefined

[DeepBlue1]

I just realized that this is not only the day of a daily and weekly close, it's the monthly close too. Talk about a convergence of forces!

3 closes, at a MAJOR inflexion point.

Don't rule out the possibility of a huge rally starting Monday based on the technical fibonacci, a new day, week And month. IT COULD HAPPEN.

Or...6K, 5K,...4K????


A few hundred Perp Walks might reinstill confidence. LOL