Trade the Cycles

Wednesday, January 06, 2010

We Now Have An SPX Major Cycle High Target of 1228.55

A Fibonacci 0.618 retrace of the -909.30 point decline from 1576.09 on 10-11-07 to 666.79 on 3-6-09 puts SPX (S & P 500, http://bit.ly/i0nsT) at 1228.55.


.......http://www.JoeFRocks.com/

2 Comments:

  • There's a massive 5 day $13.115/$11.151/$11.799/$21.289/$15.065 Billion in Fed Credit/Quantitative Easing see http://bit.ly/wQNYC

    By Blogger Joe Ferrazzano, at 9:36 AM  

  • The SPX Super Bull Market since 1932 ended with a bearish double top in March 2000/October 2007; see http://bit.ly/FypjN

    By Blogger Joe Ferrazzano, at 9:39 AM  

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