Sunday, February 05, 2012 9:00:41 AM
As a side note, if one were to set their fibs up like I have below with all of the extensions out there, I believe just using the most recent ZUP print would result in some very nice trades. Below I drew the fib in between the white .618 extension print and knowing that 2.618 is a multiple of .618 one could have made a very nice trade there simply by extending the ZUP print to the next level. I've never really looked at it in terms of this before. Always I've tried to figure the relationship between two or three of the upper/lower prints in connection with each other so maybe that's trying to over analyze the damn thing who knows.
Same principle would apply here to the most recent .447, the inverse of that is the 2.236 which would be exactly where the top was on Friday. Hard part would be deciding on a TP but it would make for a pretty decent scalp EA I would think. Might have to make that rascal to see.
Same principle would apply here to the most recent .447, the inverse of that is the 2.236 which would be exactly where the top was on Friday. Hard part would be deciding on a TP but it would make for a pretty decent scalp EA I would think. Might have to make that rascal to see.
the government cannot give anything to anyone -- that they have not first taken away from someone else.
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.
