Stocks On Watch

[dalcindo]

Re; GTN - Fib Matrix

In case GTN would retrace (very highly per prior discussion - see thread), this is the Fib matrix i was referring earlier, which I would feel comfortable using to measure the depth of retracement, extent of retracement, and hence the bullish character of the rally that defined it.

note how each of the Fib grid's 23.6% fib level overlap, indicating to a very strong support at this level, were the price to retrace. If this level fails, I would use the wider Fib grid for furthermore reference levels regarding the next level of support.

I understand that this is controversial and not at all a credible subject matter for most, but I heavily rely on it for any timeframe. The reliability and reproducibility is uncanny.

Let me know whether this helps in this or any other case - A retrospective use of this channel serves to verify how reliable it really is:

Thank you.



D.