2007-3-20 2006-10-31 The first two charts (NASDAQ Composite and NASDAQ 100) have Fibonacci retracements from the March 2006 upmove. You can notice how the NASDAQ Composite is currently sitting right on top of the support line we have talked about for weeks now. As the 61.8% retracement from the March move is exactly at this point, we believe the NASDAQ Composite's short-term pullback is now over. You can notice on the second chart how the 61.8% Fibonacci retracement has also been reached on the NASDAQ 100. Both of these areas also have major horizontal support. If the uptrend from March 2006 is going to continue (and we think it will) these two indices will have to bounce off of this support by the end of the week. 150479 text/html http://www.nasdaqwizard.com/midweek050306.html 1.0 EN index,follow Fibonacci retracement 61.8 Fibonacci retracement of 61.8%. NASDAQ 100 and March 2006 upmove text