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Chart of the Week: Fibonacci Retracement Graph

Posted By Barry Ritholtz On August 2, 2005 @ 11:37 am In Economy,Technical Analysis | Comments Disabled

Kevin Lane notes that “short-term momentum indicators on the
NASDAQ Composite that suggest, in the near-term, the index may be a tad
extended and ripe for a shortterm pullback.”

Fibonacci Retracement Graph
click for larger graph
Fib_retrace_nasdaq_8105 [1]

Source: Technimentals [2]

“Overall, we think the intermediate term trend is for higher
prices, we could see some retracing back down towards the 2,127 level as the
NASDAQ reversed off the 2,200 level.”


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Quote of the Day:

"The first requisite of success
is the ability to apply your physical and mental energies to one problem
without growing weary." ~ Thomas

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/08/chart-of-the-week-fibonacci-retracement-graph/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/fib_retrace_nasdaq_8105.jpg

[2] Technimentals : http://www.redtechresearch.com/research/index.php

[3] Dow Theory Still Works: http://www.marketwatch.com/news/story.asp?guid=%7BEC02E3AF%2D5CCF%2D426D%2D9DA3%2D07DE65924004%7D&siteid=mktw&dist=

[4] Capital Flow Sustainability and Speculative Currency Attacks: http://www.worldbank.org/fandd/english/1297/articles/0111297.htm

[5] The CEO’s Tech Toolbox: http://www.businessweek.com/technology/content/jul2005/tc20050726_8027.htm

[6] : http://ogj.pennnet.com/Articles/Article_Display.cfm?Section=HOME&ARTICLE_ID=231547&VERSION_NUM=2&p=82

[7] Why Skype is Worth $3 Billion Dollars: http://www.pbs.org/cringely/pulpit/pulpit20050728.html

[8] ‘COLLECTIVE INTELLIGENCE’ OF MEDIA FANS: http://web.mit.edu/21fms/www/faculty/henry3/collective intelligence.html

[9] The leap second: its history and possible future: http://www.ritholtz.com/blog http://www.cl.cam.ac.uk/~mgk25/time/metrologia-leapsecond.pdf

[10] The mathematics of evolution : http://science.slashdot.org/comments.pl?sid=156877&threshold=1&commentsort=0&tid=14&mode=thread&cid=13153263

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