Using as a starting point the previous low points at 2002
, relevant pitch-fans were drawn. Of course the strength of NAS100
drove index values above the 2002
fan and if it continues at such a rate the previous high at about 4,780 will be reached. The extended 3.618 Fibonacci target (1.618 & 2.618 already covered) based on the 2007-2009 correction height, is placed at 5,350 (!!!), which approximately coincides with the upper 2009
fan boundary line.