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Hi Folks
Here's a quick and dirty graph of the Dow. Notice the .618 retracement of
both drop from 8/7, and the rise to 8/21 opening high. At the moment we're
holding above the .618 pullback from the early week rise. I couldn't
remember if many of you put much stock in Fibonacci, but it does represent
resistance. It may only be short term, but if you have other indicators
suggesting a bottom, here's another clue.
Peter
Attachment Converted: "c:\eudora\attach\DOW8_22.gif"
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