StockFetcher Forums · General Discussion · Fun With FIBS !!!<< 1 2 3 >>Post Follow-up
alf44
2,025 posts
msg #102062
Ignore alf44
modified
8/7/2011 11:35:27 PM


Love the video ... not sure what it has to do with anything I have presented here so far ... but ...

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The title of the thread is ... uhh ... "Fun" With FIBS !!!

"Fun" !!!

That's it !!!

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But ... IF ... IF ... you look at these levels ... there is no question ... you will see a degree of correlation with the "Market" !


I HAVE SEEN IT WITH MY OWN TWO EYES !!! fwiw


Call it a "self-fulfilling prophecy" ... whatever ... the fact is ...people watch these levels ... AND ... it would "behoove" YOU to do the same !!! IMO

Or, not !!!

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As I said at the outset ... "Just For Fun" !!!



alf44
2,025 posts
msg #102063
Ignore alf44
modified
8/7/2011 11:43:21 PM


Let me just say ...

I'm certainly NOT trying to be an "Evangelist" for Fibonacci Theory !!!

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Just thought it might be a "fun" exercise to observe how "Market Action" interplays within the Fibonacci "realm" !!!


Eman93
4,659 posts
msg #102066
Ignore Eman93
8/8/2011 12:33:18 AM

You can see it all the time in the market, people are trading predetermined price points.. be it a moving average, fib retracements or projections, channel lines, bollinger bands, horizontal support and resistance... ect. and on all time frames.

" above or below the open"

The top dog uses a confluence of fib retracements utilizing several time periods and when they all line up you get buying and selling opportunities.

Why?

Simple it is a point in the future. it is a point you can TRADE with small amounts of risk. What you want too see is the volume with you and that price point to hold..




TheRumpledOne
6,362 posts
msg #102069
Ignore TheRumpledOne
8/8/2011 9:11:09 AM

You should watch the entire movie. It's a really great movie.

alf44
2,025 posts
msg #102098
Ignore alf44
modified
8/8/2011 9:53:54 PM


...................UPDATE : SO HERE WE ARE ... A DAY OR TWO LATER ... GULP !!!



.....................................................................5 YEAR MONTHLY OF THE S&P 500


alf44
2,025 posts
msg #102100
Ignore alf44
8/8/2011 9:56:57 PM


Pray it does ... if you're in to that sortta thing ...


alf44
2,025 posts
msg #102101
Ignore alf44
8/8/2011 10:01:10 PM


Call it "wishful thinkin" ... but ... I think it holds & we catch a bounce !!!


alf44
2,025 posts
msg #102129
Ignore alf44
modified
8/9/2011 4:58:35 PM


Now that was just uncanny spooky today !

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The actual "precise" 38.2% Fib Line on the S&P 500 Index is ---> 1101.73

The "swoosh" DOWN ... after ... the Fed's Decision and remarks took the S&P 500 down to ---> 1104.38

It then turned on a dime and proceeded to skyrocket ... closing UP on the day at ---> 1172.53 (+53 and change)

The DOW closed UP as well posting a 430 point advance from yesterday's Close !

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All in all ... it was a wild day and something to behold !!!

Well played Mr. Fibonacci ... well played !!!


alf44
2,025 posts
msg #102131
Ignore alf44
modified
8/9/2011 5:39:03 PM




.....................................................................5 YEAR MONTHLY OF THE S&P 500


TheRumpledOne
6,362 posts
msg #102132
Ignore TheRumpledOne
8/9/2011 6:41:06 PM

Quit moving the lines...LOL!!!

StockFetcher Forums · General Discussion · Fun With FIBS !!!<< 1 2 3 >>Post Follow-up

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