Sunday, March 24, 2013 10:45:04 AM
IFIXQ 0.0006 (2-Charts)
At the current 0.0006 close,
that was set last Friday, March 22,
IFIXQ has Retraced 30%,
of the October 2012 Price Pivot High of 0.0018
A 50% Retrace,(0.0018 X .50 = 0.0009)
would carry the stock to 0.0009,
the next Fib Target.
A 61% Retrace would reach a target of 0.001
Common Retracements
The Fibonacci Retracements Tool at StockCharts shows four common retracements: 23.6%, 38.2%, 50% and 61.8%. From the Fibonacci section above, it is clear that 23.6%, 38.2% and 61.8% stem from ratios found within the Fibonacci sequence. The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
At the current 0.0006 close,
that was set last Friday, March 22,
IFIXQ has Retraced 30%,
of the October 2012 Price Pivot High of 0.0018
A 50% Retrace,(0.0018 X .50 = 0.0009)
would carry the stock to 0.0009,
the next Fib Target.
A 61% Retrace would reach a target of 0.001
Common Retracements
The Fibonacci Retracements Tool at StockCharts shows four common retracements: 23.6%, 38.2%, 50% and 61.8%. From the Fibonacci section above, it is clear that 23.6%, 38.2% and 61.8% stem from ratios found within the Fibonacci sequence. The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
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