Rob....yes its interesting....was running some fibs yesterday and that 838 area 61% retrace would give nive targets for a retrace....838-666=172..if we got there a 50% retrace backdown would take us 838-86 = 752...which was the November low close and has been resitance and support this week....a 38% retrace (lets put the bullish hat on) would take us to 772....in the middle of the 2002 lows 776 (22/7/02) and 769 (7/10/02)...these numbers might be more important on a weekly basis...I'm sure theres going to be fight at this level on the way back down
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Rob....yes its interesting....was running some fibs yesterday...
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