[netmilsmom]

Could you please explain that for the “Certain Ethnic” people like me?

[taxcontrol]

Here is a good site to understand the basics of Fibonacci retracement.

http://www.investopedia.com/ask/answers/05/FibonacciRetracement.asp

[waus]

Here’s an explanation:

http://www.investopedia.com/ask/answers/05/FibonacciRetracement.asp

The monthly DOW chart hit the 61.8% level on 4-26, which, in Fibonacci terms, is considered to be a major retracement between two extremes (2007 high and 2009 low).

The potential then exists for the continuation of the downtrend in the market that started with the 2007 high because nothing goes straight down or up.