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• Long-Term Fibonacci Support and Resistance by Kevin W. Murphy

  ARTICLE SYNOPSIS ...Here's a historical review of the major swings in the stock market and the Fibonacci relationships. According to long-term FibonacciÝ support and resistance levels in the Dow Jones Industrial Average (DJIA), we are approaching a notable resistance level in the stock market. Many books have been written on the Fibonacci sequence and its many mathematical relationships; this article will not delve into those in any great detail. For those who are unfamiliar with the Fibonacci sequence, however, I will briefly discuss its basis and a few of its mathematical relationships and how they are releva...

AUTHOR: Kevin W. MurphyDATE: OCT 1998SUBJECT: Classic Techniques