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Fibonacci voyage 2008!
Wed Oct1 3am(NY) - by Anatoly Veltman, Chief Global Analyst: E-mini got stone-walled just over 38% of "the 9/29 crash" during European trade. It subsequently backed-off precise 50% by early Wall St; before rallying precisely as many handles during US, as it did during Asia! And the entire rally of off the contract low so far is contained within 38% of the decline from that infamous panicky limit-up 9/19 1291.25 opening-print; which by-the-way was a two-day(!) precise 50% comeback of the entire summer's EPZ drop from 1443.50 to 1136.25! But of course all this nonsense is not proprietary to E-mini unpredictable "crash" zigs and zags; Dec Bond's "crash day" rocket fizzled at precise 62% of off its contract high! Of longer-term significance . . . (to read the remainder of this article, please log in below.)
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