Friday, March 12, 2010

$SPX just about reaches normal Fibonacci target...

No need to post a chart for this, but if the rise off of the February 5th low is a normal zig-zag where the price span of 'C' equals the price span of 'A', the calculation looks like this:

1086.02 + (1112.42 - 1044.50) equals=> 1153.94

The high today in the $SPX was 1153.41...

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