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[RT] some more thoughts on pattern recognition using fib ratio's


  • To: "realtraders@xxxxxxxxxxx>
  • Subject: [RT] some more thoughts on pattern recognition using fib ratio's
  • From: "william h. corey" <bcorey@xxxxxxx>
  • Date: Thu, 21 Dec 2000 09:52:18 -0800

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Its nice to be aware when patterns present themselves and price may
reverse.. But this should always (in my mind)  be related to larger
stucture as well..
    At present a short term bottom may be forming ?? it may not last
long or rally back far..  My studies at present still suggest higher
odd's for price dropping lower before taking out 12/19 high.. As day
progresses conditions may change...??

 last pic shows res levels that may halt price ??? (TWT) time will tell
!!!!

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