Heres a Chart of The Fib Retrace levels that Cheif is watching
#1
Posted 11 June 2007 - 01:49 PM
Interesting on chart below to see how well resistance points line up with Fib retrace levels
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&b=5&g=0&i=t78085094777&a=109041749&r=2169.png
#2
Posted 11 June 2007 - 02:06 PM
Bulls are looking at daily charts and bears should use the weekly charts for indices.I was long Fri (am) and got stopped, went long Sept Dow this am at 13536 and DIA at 133.83 & 134.05
Interesting on chart below to see how well resistance points line up with Fib retrace levels
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&b=5&g=0&i=t78085094777&a=109041749&r=2169.png
#3
Posted 11 June 2007 - 02:37 PM
gotta luv da fib - one of the few guys you can really count (and da dev of course ;-)
I was long Fri (am) and got stopped, went long Sept Dow this am at 13536 and DIA at 133.83 & 134.05
Interesting on chart below to see how well resistance points line up with Fib retrace levels
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&b=5&g=0&i=t78085094777&a=109041749&r=2169.png