Friday, February 12, 2010

SP Fibonacci Targets.

As an addendum to the previous post I am simply putting up some Elliot Wave and Fibonacci targets.
Mar Daily Bar
click to enlarge
This is a count that a lot of people have. It obviously depicts a -3- of 3 about to begin. If correct, a Fibonacci multiple of the 1st wave could be expected as complacency is overcome and the "moment of recognition" occurs. The 1st wave was 88 points, 1.618 of that or 142 for a wave 3 targets 959, 2 times 88 targets 935 and 2.618 targets 871.

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