I used the fib tool and changed the ratios to match the swings in our first move - marked 1, 2, 3, 4, 5. I then laid those ratios over the next rally and was surprised at how similar they are. Starting at 1 we have hit 2, 3 and 4 spot on. Assuming we will continue this, our next swing 5 will bring us down to 700 area.