Vapor Group Inc (VPOR)

[Monkey13]

FIB UPDATE for today........

With the A being .005 and the B .085, it retraced 46% which means it could take heat to .045 for a 50% retracement.

So, here are the FIBONNACI #'s...

Your A to B move is 8 cents, then your B to C move is a 46% retracement to .048 and now we need to consolidate for 2 more days between .048(or lower for 50% or worst scenerio 62%)-.085 in order to acheive the C to D move......

which is .128-.16+

Note: If we go above .085 in the next 2 days we are still on an A to B move which is just as good. If we go below .364(which is a 62% retracement), then we break the fib pattern and half to start a new one.

IMHO, I see us consolidating for the 2 more days from .045-.085 and then head north to the C to D which is .128-.16+.


Monkey