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could Wall Street's rally persist?

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发表于 2009-8-9 08:49 PM | 显示全部楼层 |阅读模式


 楼主| 发表于 2009-8-10 03:24 PM | 显示全部楼层
本帖最后由 nasa1100 于 2009-8-10 16:28 编辑

Knowing nothing goes down in a straight line forever, we may expect to see rallies along the way. A simple way to gauge expected price targets is by using Fibonacci retracement levels. Doing so shows that the 44% rally from the low has been impressive, but has not retraced even 33% of the prior loss. A powerful countertrend should be seen to recoup anywhere from 50 to 65% of prior losses. So, the most recent rally is nothing more than the first stage of an ongoing saga
http://blog.hutong9.com/space.ph ... o=blog&id=16398
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发表于 2009-8-10 04:10 PM | 显示全部楼层
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