5 replies to this topic

[bliss just missed]

Chief- U referenced fib retracement levels in the spx......what high and low prices are u using (closing or intraday figures)? I have a closing high of 1527.46 and closing low of 776.76. Tanks Snorjt

[relax]

I don't use closing prices - I include intraday highs and lows with great effect

Fibonacci rules! Don't know how, but it's just part of nature ;-)

Chief-

U referenced fib retracement levels in the spx......what high and low prices are u using (closing or intraday figures)?

I have a closing high of 1527.46 and closing low of 776.76.

Tanks

Snorjt

for the chief or anybody

Which fib level would you use as the last resistance - i've used 78,6 pct

but see that 88,6 has been used as well - got any advice/rules for when this level could be used

Thanks!

I don't use closing prices - I include intraday highs and lows with great effect

Fibonacci rules! Don't know how, but it's just part of nature ;-)

Chief-

U referenced fib retracement levels in the spx......what high and low prices are u using (closing or intraday figures)?

I have a closing high of 1527.46 and closing low of 776.76.

Tanks

Snorjt

[da_cheif]

rules.....if the 50% is penetrated then a complete retrace is the rule.......but.....using clx analysis evidence will be available to determine if the 75 78.6 87.5 or 88.7 will cause a reaction.....

[bliss just missed]

rules.....if the 50% is penetrated then a complete retrace is the rule.......but.....using clx analysis evidence will be available to determine if the 75 78.6 87.5 or 88.7 will cause a reaction.....

chief,

are you using closing or intraday pricing? I have closing highs of 1527.46 and closing lows 776.76....

[da_cheif]

intraday

[relax]

hi again chief
I'm not used to writing in english, so what do you mean by "clx analysis"?

And just to get it right

50 pct is penetrated and a complete retrace is the rule, unless what?
When do 61,8, 76,4, 78,6, 88,7 decide whether a complete retrace takes place



Thanks again for your time!

rules.....if the 50% is penetrated then a complete retrace is the rule.......but.....using clx analysis evidence will be available to determine if the 75 78.6 87.5 or 88.7 will cause a reaction.....