that makes a lot of sense to me now.. clear as a daylight.. if you draw enough Fib lines on your charts, eventually every price will match with one of your retrace...Daily Jun 4th 2012, 15m hi-lo for 3 days, and hourly for the last 5 days.. how about monthly retrace. just to cover all the bases... wow, you're genius...
stop wasting your time with TA, it doesn't work, never work, just a bunch of historical analyses for academic exercise, not a tool to make money. Fibs analysts normally make evidences fit the crime, but it never work consistently and reliably.. stop making religion out of the thin air.. WS computer programs no longer use legacy modeling like FIBS...
moveavgtrader and hppyshaman, you guys made a believer out of me...it cuts through 23.6% like a hot knife through butter..
you must be waiting for 38.2% level heh.. look like you're the only one knows when to get in by using the FIB lines... haha, who is the incompetent moron now ??.. still denial ?
It doesn't work for morons. Go back to your Yahoo Summary page..lol
I called the retrace on June 4th.
I have seen Fibs work 1000's of times on 1000's of charts and have made calls based on them to the penny.
If you're too stupid to understand charts, maybe you should flip tea cozys on eBay instead..