october crash, page-77

  1. 14,914 Posts.
    Here it is showing the Fib retracements and see what happens when I extend the 200MA. The 200MA may very slightly dip down a little but will be well within that converging area of support. Ive left out all other support levels for clarity.

    So at that 4300 area, we have horizontal support, diagonal support of a major support line, 200MA support and 50% Fib retracement level. If I were a betting man, thats where I would bet that price should correct to, if it is going to correct.

    [URL=http://img194.imageshack.us/i/xao200ma.png/][/URL]
 
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