Friday, January 30, 2009

TLT today is testing a potential Fibonacci support level

Today, right now TLT looks like it is testing that .618 retrace level we've pointed out. So it worked that, having lost the C=A level discussed, it did indeed go this bit lower to this Fibonacci level which may act as a support line.

How it reacts here will do a lot to help clarify the larger Elliott Wave pattern.

I've posted this chart, as well as others of gold and Delta Air Lines (DAL), at my UBTNB3 site. I'll probably continue to post some over there from time to time during the day as things look interesting.

No comments:

Post a Comment