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Re: ruezim post# 75914

Wednesday, 03/10/2010 11:45:50 AM

Wednesday, March 10, 2010 11:45:50 AM

Post# of 179253
Tony and I were talking briefly the other day about Fibonacci retracements. Just out of curousity I ran them on my chart, and we're not even at the 38.2 retracement (which occurs at a pps of .32). I will include all of this on my annotated chart later, but we are still in the midst of a VERY HEALTHY retracement right now. If we get down to .32 (which we might not), look for a good bounce from there. If you're not familiar with fibonacci retracements, you can look it up and it will give you something to do other than worry about the share price. lol

Seriously, ruezim, I am glad you are relaxed -- we can't go up every day, and from a technical analysis perspective this retrace is still very reasonable.

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