Friday, November 05, 2010

SPX FIB 1228


One potential retrace target, though the market "feels" like its got gas left.

The key Fibonacci ratio of 61.8% - also referred to as "the golden ratio" or "the golden mean" - is found by dividing one number in the series by the number that follows it. For example: 8/13 = 0.6153, and 55/89 = 0.6179.

Duratek

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