Fibonacci Approach

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If, in this once-great land of three hundred million people, there are still one or two bears left, I wanted to mention that the $INDU is rapidly approaching its 78.6% retracement level on the Fibonacci, as well as the underside of its broken wedge.

The Fibonacci is based on the extremes of 10/1/2007 and 3/2/2009. It's an interesting confluence we're seeing right now.