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Here is an example:

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Ataglance2 Member Profile
 
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Ataglance2   Saturday, 01/19/08 01:41:03 PM
Re: Ataglance2 post# 46
Post # of 102 
Here is an example:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=26053365
since I knew from higher time frames the price was in a downtrend,I started my fib at the 159.99 mark ,and brought my end point to the begging of the down leg at 166.57...That gave me extension numbers below the 159.price...at that point price did as it should and retraced..when the price retraces,you never can tell how far it will go ,so its best not to trade until it u-turns,but in this case it u-turned at the .38....and if you read what I wanted you to ,in the earlier post ,you will know that the .38 is like a car traveling on the freeway and will usually retrace to the 1.618 retracement level or lower..now that chart was posted on the 16th,and we know price went even lower than the 1.618..



Don



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