Friday, March 6, 2009

Dow Jones Febonacci Re-tracement

The image shows the Dow Jones yearly chart between 1929 and 2009.

See the Fibonacci re-tracement drawn between the low of 40 and a high of 14289.

The index already retraced 50% mark.

Do Dow Jones retraces 61.8% mark??
The dow Jones 61.8% level is at 5480 !!

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