Monday, January 21, 2008



6% drop. I believe this will be the topic people who vested would be talking about. Seriously, we should be expecting it to be so. And as previously posted, testing 2,900 points.

2,900 is supposedly fibbo 38.2%, a support line and if broken, woohoo, technically, it should go down more to around 2,665, which is fibbo 23.6%.

I've been reading on Elliot Wave and I really think that we are in the wave 4 period and in theory Wave 4 should not exceed 2680, which is again as calculated by Fibbo at 23.6%. Are we really heading in the direction of a full wave 4 or are we going even below that? Hmm... We shall see.

Using 2 techniques, it concludes almost similarly. Hmm..... You decide.

1 comments:

QUALITY STOCKS UNDER 5 DOLLARS said...

Now thesir a stock thats fell off a cliff.

 

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