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Mood!

Tuesday, April 16, 2013

Correction finally here? Fibonacci retraces

Have the equity markets finally reached a short term peak?

Look at weekly charts

FTSE

showing previous corrections related to Fibonacci retracements
So if a correction has started for worldwide indices can probably expect FTSE to find a low either at 38.2 % retrace 6125 or 61.8 %  5955 (approx)



now adding on some trend lines



DOW weekly



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