My YIPI long chart was establish 11.17.13, btw:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94151792
I tend to try and draw overlapped charts to define newer trading data for shorter term action here and there. This is also why I have gotten away from drawing the fans. The fan charts are normally only valid for a day or two; and only provide background support/resistance on long chart extension lines for current action. Sometimes I feel they dilute the purpose of the long chart extensions; so I'm trying to get away from posting them as their utility is ever changing from frame to frame on the Fibonacci landscape. Just feel they're helpful sometimes to post when pinches occur in a frame of time off a valid extension draw.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94151792
I tend to try and draw overlapped charts to define newer trading data for shorter term action here and there. This is also why I have gotten away from drawing the fans. The fan charts are normally only valid for a day or two; and only provide background support/resistance on long chart extension lines for current action. Sometimes I feel they dilute the purpose of the long chart extensions; so I'm trying to get away from posting them as their utility is ever changing from frame to frame on the Fibonacci landscape. Just feel they're helpful sometimes to post when pinches occur in a frame of time off a valid extension draw.
I can only provide my own speculation and theories. I am not qualified to offer any
investment advice. Everything I post is my own opinion. DO YOUR OWN DD!!!!!!!
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