SP Chart is from 5/18. (Fib based on DJIA) 1 to 1 ratio marked May top. .382 extension marked July top. Covered a boat load of puts when the Dow cash hit 13500. Now scalping futures intraday.
NQ Futures July top.
Never Disrespect the Fib
Started by
chris
, Jul 26 2007 12:16 PM
1 reply to this topic
#1
chris
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- Traders-Talk User
- 172 posts
Member
Posted 26 July 2007 - 12:16 PM
Attention Ivory Tower professors who never trade, but write books trashing the Fib as worthless (no one on this forum):
SP Chart is from 5/18. (Fib based on DJIA) 1 to 1 ratio marked May top. .382 extension marked July top. Covered a boat load of puts when the Dow cash hit 13500. Now scalping futures intraday.
NQ Futures July top.
SP Chart is from 5/18. (Fib based on DJIA) 1 to 1 ratio marked May top. .382 extension marked July top. Covered a boat load of puts when the Dow cash hit 13500. Now scalping futures intraday.
NQ Futures July top.
#2
beta
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- Validating
- 4,384 posts
lasergirl
Posted 26 July 2007 - 12:37 PM
Thought you meant Fib 1618 -- he went to cash yesterday (wise move).
Edited by beta, 26 July 2007 - 12:44 PM.
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