Tuesday, August 25, 2009

Wednesday 8/12/09-Tuesday 8/25/09 10m Chart

This posting is a follow-up of last week's target posting. This week's Fibonacci targets are shown in orange, August's Fibonacci targets are shown in yellow, and an extension of the length of A of (Y) of [2] from the lowest point of B is shown in blue.

The market may not top this month, but expect the top before Labor Day (9/7/09). 1050-1060 is a reasonable range for the completion of [2].

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