What if the starting point was the week of12/24/2018 when the index hit the low of 2346.58. The Fibonacci projected the 100% high at 3336. The actual high was 3394, a 58-point difference or 1.7% shy. That’s pretty close. Then, COVID-19 hit unexpectedly. What if there were no COVID-19? The…
Day: March 10, 2021
Dow Jones Industrial – Weekly Fibonacci Projection 32168 – 161.8%
This is the DJIA weekly chart. I did a Fibonacci extension projection from the 3/23/2020 low. Interestingly, it projected a high of 32168 at the 161.8% level. Let’s see if I did this right. This is a weekly chart so it is not over yet. Today, it hit the all…