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The attached chart of QQQ sampled at 30 minute
intervals has
two instances of an indicator which calculates
Fibonacci time and
price zones (you specify the size of zone) based on
either the
most recent leg of price movement or the prior (or
alternate)
leg of price movement.
By noting where prior legs in the same direction
ended (in terms
of the numbers on the boxes) then we can have some
bit
of information about where the next turn is likely
to occur.
Clyde
- - - - - - - - - - - - - - - - - - - - - - -
- - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - -
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