deeper retrace before hitting the 1235 new high. Yes higher prices. It is also 161.8% Fibonacci of i or A wave.
Since 1007 low the market has risen 5 weeks as initial impulse, then 3 weeks corrected. After the 1038 support we have 8 up- all Fibonacci numbers. 5+3+8=16. Next number in the sequence is 21. So if we can reckon on that count need at lest 5 more weeks to extend, which makes the week 11/22 -11/28/2010.
Good luck!
No comments:
Post a Comment