Here is the Fibonacci chart that I posted on March 11th (click to enlarge):
Here is what it looks like now. The blue arrows point to spots where my projected Fibonacci levels proved to be important support/resistance levels:
Here’s what I wrote back then:
“Regardless of which way you think prices will go, it will probably be a good idea to go with the trend when prices move out of the March Box because the market is set up for a big move.”
Prescient, right? Next time I will listen to myself. 
The “box” method is from the book that Yerk recommended “Fibonacci Analysis” by Constance Brown. JungleGirl doesn’t have her copy yet, but I’m sure that the FedEx guy will be hacking his way through the vines any day now. Living in a jungle has its drawbacks after all.
So, what’s next? If the market corrects, the support levels should be the same as the important levels marked by the arrows in the Box of Zoom. If the market continues to rally, we are set up for a test of the February 9th peak:
Important levels inside the “Box of Za-Zoom” may turn out to be 818 (purple line) which is where the SPX opened its Gap of Doom, and 838 (blue line) which was the resistance level prior to the Gap of Doom.
I would be shocked to see the market rip straight up to the top of the Box of Za-Zoom, but who knows? Also, these levels might have to be adjusted if, for example, the market were to rally up and then fall back tomorrow, the box would get taller.
You guys should serously stop misleading people. Everyday you will be writing doom here shorting stocks, but one day you may have written a neutral post. Now you will remind us of the single once in a blue moon neutral post, ignoring all the doom posts.
Get a life.
wow Anon at least Matt still has a better record than Jim Cramer so you can go kiss out Ar$es
The Gap of Doom really puts things in perspective, we are just backfilling the cliff diving we have seen the last 6 months.
You ready to call an end to the bear market anon?
With the gov’t trying to run “free” enterprise, I think we are in for a few more nasty spills. Doom may not adequately describe it…
Anon,
You and Grady are the first two posters to be added to my new “Bad Apples” list. You are now blocked from posting. And you should also stop reading my blog since you find it of such little use. If you are men of integrity, that is exactly what you would do. But since you are weasels, I’m sure that you will keep on reading. Just make sure to hang your head in shame each time you do so.
Matt,
I have known a couple of people like this. They are not worth anyone’s time.
I very much appreciate your thoughts and I am sure a large number of others, who do not post, do as well. Thanks.
Anon, you truly just don’t get it and i am happy to know you prob lost a lot of dinero with such an attitude.