Fibonnaci Days

[Masa4065@yahoo.com]

Fibonnaci and Half Fibonnaci days from the S& P 500 bottom of 9 Mar;

62 days=8/May, 81days=29/May, 131 days=18/July, 162days=18/Aug, & 212days=6/Oct , 262days=26/Nov and 424 days!

19/Aug was the date H.S.Dent picked up as a possible turning point. I was finishing a currency trading book where the duration as well as the high of prices in the chart is very important! If you follow those days, one can see the ups and downs of S&P 500 daily chart more or less fitting them. I hope these can be helpful!!! Mkt might linger until 6/Oct or so, or start diving from there or up??? Who knows!! But, all I can see is 6/Oct can be very important! It is also the day the market started falling like mad last year!!!! which luckily I escaped!
Rgds Masa from Cph Denmark

[dverenes@bellsouth.net]

Well, the market, thus far, is up big today, with the S&P up 1.35% as I write this. I'm not familiar with Fibonnaci. I would guess that with the market doing what it is today, that's a positive sign going forward. If anyone knows the significance, please share.