Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, August 4, 2011
SPX Daily Chart Fibonacci Retracements from August 2010 Bottom
Here's a look at the rally off the August 2010 bottom with Fibonacci retracements highlighted. Chairman Bernanke started the rally with the QE 2 announcement. The battle now is at the 38% Fib retracement. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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