InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,347.20
(
0.43%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.78
(
0.42%
)
Bitcoin
61,396.80
(
-0.35%
)
Post# of 49947
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

cabo_sailor

Send PM Follow Ignore
Followers 1
Posts 1078
Boards Moderated 0
Alias Born 08/16/2005

cabo_sailor

Re: MerryPrankster post# 11705

Friday, 02/22/2008 10:47:46 AM

Friday, February 22, 2008 10:47:46 AM

Post# of 49947
Can you say Fibonacci?

After making long sustained moves in one direction, many markets retrace a part of the move before continuing on further. The Fibonacci indicator, popularized by Ralph Nelson Elliot, is used to try and forecast potential support levels and price targets, based on the height of the overall move and any wave patterns.

50 percent happens to be one of the Fibonacci numbers.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up