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Not really sure of what to make of this chart, but I thought it was interesting to see how the market has bounced around some important Fibbonacci retracements off the March 2009 lows. The 78.62% retracement is a big deal according to some technicians--a break of that level usually means a full 100% retrace (1500s on the S&P).
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Andys Technical Commentary__________________________________________________________________________________________________
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Andys Technical Commentary__________________________________________________________________________________________________
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Wave Symbology "I" or "A" I or A <I>or <A> -I- or -A(I) or (A) "1 or "a" 1 or a -1- or -a(1) or (a) [1] or [a] [.1] or [.a] = Grand Supercycle = Supercycle = Cycle = Primary = Intermediate = Minor = Minute = Minuette = Sub-minuette = Micro = Sub-Micro
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