Tuesday, October 22, 2013 10:33:23 AM
ROK Plows Into 1st Target
2nd T = 113.86 161.8% Extension
3rd T = 120.63 261.8% Extension (Possible / Unlikely)
It isn't that the 261.8% extensions never come, in this market they almost always do. But this trade setup rules are, targets 1&2 are hit in ten days after closing at or above the 78.6 forward fib level, pulled from 52 wk high to swing low prior to start of move back up.
2nd T = 113.86 161.8% Extension
3rd T = 120.63 261.8% Extension (Possible / Unlikely)
It isn't that the 261.8% extensions never come, in this market they almost always do. But this trade setup rules are, targets 1&2 are hit in ten days after closing at or above the 78.6 forward fib level, pulled from 52 wk high to swing low prior to start of move back up.
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