Retracement Levels of Various Indexes

Discussion in 'Trading' started by 4awhile, Mar 24, 2007.

  1. 4awhile

    4awhile

    Index: Russell 3000
    Current Reaction High: 839.27
    Nearest Retracement Target: 75%
    Retracement Target: 839.25

    Index: Value Line
    Current Reaction High: 2327.11
    Nearest Retracement Target: 78.6%
    Retracement Target: 2330.73

    Index: Transports
    Current Reaction High: 4978.59
    Nearest Retracement Target: 61.8%
    Retracement Target: 4983.34

    Index: NY Composite
    Current Reaction High: 9352.44
    Nearest Retracement Target: 87.5%
    Retracement Target: 9382.21

    Index: NASDAQ Comp
    Current Reaction High: 4319.99
    Nearest Retracement Target: 78.6%
    Retracement Target: 4323.48

    Index: NDX
    Current Reaction High: 1807.43
    Nearest Retracement Target: 75%
    Retracement Target: 1816.34

    Index: SPX
    Current Reaction High: 1438.89
    Nearest Retracement Target: 78.6%
    Retracement Target: 1440.70

    Index: DJ Industrials
    Current Reaction High: 12511.05
    Nearest Retracement Target: 75%
    Retracement Target: 12581.85


    Looks like at or near a top except....

    - the retracement in the Transports looks too weak and may very well go to the 75% level

    - The Dow is a more than just a touch away from a retracement, and should drag the rest of the market up through their indicated resistance targets. DAMN.