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发表于 2009-7-29 05:20 PM
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From 666 to 956, a 290 point rise, 61.8% of 290 is 179. A 179 point rise from 869 would be 1048, around 50% retracement from 1440 ((1440 - 666)/2 + 666 = 1053). The market might first go to 1000 (around August 7 - one month from 869, two months from 956 and five months from 666)), then consolidate between 970-1000 (965-970 would be strong support), then go up to 1048. 1000-869=131. 61.8% of 131 is 80. 970+80=1050 (reaching 1050 around September 4, six months from 666, also volume around the Labor day doliday would low - perfect for a top). Hehe, it sounds like a good plan, just not sure if MM will execute their plan like this. |
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