News Focus
News Focus
icon url

FinancialAdvisor

10/20/05 6:06 PM

#12532 RE: FinancialAdvisor #12523

***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%)...