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Re: ChannelTrader post# 73262

Friday, 05/09/2014 5:09:04 PM

Friday, May 09, 2014 5:09:04 PM

Post# of 123646
Agreed.. We are due for a retrace. We are pretty much like a compressed coil - waiting for some release to trigger a run. Third time is the charm!

If you take: 0.0295 as high - minus today's close 0.0168 as ranges .. then apply Fib retrace / golden ratio (.681) = puts us at:

0.025!

And thats conservative. If we run, I think it will be to 0.03 as you predict. MRIB
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