Wednesday, March 07, 2007 9:08:35 PM
I was introduced to the Fib retrace several years ago by a guy that makes his living "a very good living" trading stocks. He doesn't venture into pennyland very often but he definitely knows his trading and he discusses the Fib retrace a lot... along with other indicators.
I've watched a lot of stocks retrace right to the 61.8% fib line and then continue moving up. It is a very interesting perspective and I've tried to learn more about it. I'm open to hearing others thoughts about it and it sounds like you have been following it for years. Curious to hear your thoughts.
I appreciate all that you contribute to the board and you know I was just pulling your leg about FRAN. I agree with your opinions about the different market makers. Looking forward to the future of Esprit and following it very closely like many of the other stockholders on this board.
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