Market analysis from TheMarketDetective.com that utilizes the Elliott wave principle and Fibonacci analysis.

1. 12/4/200810:09 PM Pacific
The highest probability target based on a triple Fibonacci confluence is a re-test of the
.500 retracement level which is also a .618 extension of the 5 wave set down from 11/30,
and a .618 extension of the 3 waves down from 12/4. The back-up target is 802-805. A
turn at either of these targets will allow us to work higher. The target shown 821, the .618
extension, would be very bullish. We should pause/bounce at 821 either way.
TMD/DW
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