I draw the line right here
雲ボブ
Fundamentals do not work when the public is deceived by the media. Charts can reveal the truth.
Friday, March 29, 2013
Friday
The 1560 target area was met, and then we traded the 1530-1560 range.
My platform does not provide futures prices required for the calculations below so these are SPX prices which is generally about 5 handles higher than the futures.
One Fibonacci target is 1585, another is 1576.
The trend line from March 2000 indicates a target of 1592 as do other relationships.
Using these calculations, I am now expecting the target where final capitulation will occur to be between 1575 and 1592 SPX.
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