| 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 ... --- The title of the thread is ... uhh ... "Fun" With FIBS !!! "Fun" !!! That's it !!! --- 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 !!! --- 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 !!! --- Just thought it might be a "fun" exercise to observe how "Market Action" interplays within the Fibonacci "realm" !!! |
| Eman93 4,750 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 6,407 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 ! --- 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 ! --- 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 6,407 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 |