Sunday, August 23, 2009

Targets for Primary [C]

Since there is a high possibility that Primary [B] will end within some weeks I was looking for some targets for Primary [C].

My favourite area for a bottom is at 450-500. If Primary [C] should end there it would make two nice fibonacci relationships: [A]=1.62[C] and [A]=[C] (in % (=> both declines 58%))

Another target lies at 670ish where [A]=1.62[C] (in % (=> 58% for [A] and 36% for [C]))

The last target is much lower between 100 and 200 ([A]=[C]).