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What if we Rally From Here?

26. March 2009
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What if we break 837 and go long?  That's a big IF.  What are some targets?

Here are some interesting fib clusters I've found in the 930's and 990-1000 areas (blue arrows). These areas also line up with past high pivots. 

This is the ES daily chart... 

 
 
Another way to look at it is to take a measurement of the last major move in the same direction.  This gives the same projection to 930 and to 1000 (same as above).
 
 
 
However, this rally is looking a lot like the rally of July-August of 2008. If that is the case, we have already experienced the extended levels of that move.

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