Wednesday, September 9, 2015

SP Classic Fib Points Updated

Ouch I hate it when that happens.
Turns out NOT to be a triangle 4th wave for the SP 500, but a zig zag 4th.
However, this too is presenting classic Fibonacci targets as per the last post;  now it's the .618 retrace of the 3rd wave at 1999 AND at that point the c= .618 of a, 100 pt.s up from the 1899 b wave low  of Sep 1.

 click to enlarge

 And just to repeat Still Own Equities?  It's Not Too Late.




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