Chart of the Week: Fibonacci Retracement Graph
Kevin Lane notes that “short-term momentum indicators on the NASDAQ Composite that suggest, in the near-term, the index may be a tad extended and ripe for a shortterm pullback.”
Fibonacci Retracement Graph
click for larger graph
Source: Technimentals
“Overall, we think the intermediate term trend is for higher
prices, we could see some retracing back down towards the 2,127 level as the
NASDAQ reversed off the 2,200 level.”
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Tuesday, August 02, 2005 | 11:37 AM | Permalink
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Posts like this have been great places to buy.
Posted by: Chris | Aug 2, 2005 5:18:57 PM
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