|
PureBytes Links
Trading Reference Links
|
On Tuesday, April 16, 2002, 7:13:07 AM, BobR wrote:
B> For example, today the ES hit its H+0.382*yesterday's range and is
B> looking at it as though it were resistance.
It did not 'turn around', although there was a small pivot. How much
of a small pivot, or pause, or ??? is enough to indicate that price is
'responding' to the fib?
This is important in doing the analysis - if we require too large a
'confirmation' we will not necessarily see the effects the fib fans
talk about.
B> I put a vote on 0.333, 0.5, 0.666 and +,- 0.382 extensions as the
B> most likely levels for prics to retrace to and to find S/R at.
Ummm... it seems you are suggesting we look mostly at non-fib
numbers. Are we missing something here?
Thanks for the example.
ztrader
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Stock for $4
and no minimums.
FREE Money 2002.
http://us.click.yahoo.com/k6cvND/n97DAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|