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WovenO2

10/27/16 9:51 PM

#18173 RE: Beau1954 #18171

LOL. English translation: Price is too low and we're due for a bounce.
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sharpei

10/27/16 11:04 PM

#18176 RE: Beau1954 #18171

Great question Beau. ParaSar: The indicator is below prices when prices are rising and above prices when prices are falling. In this regard, the indicator stops and reverses when the price trend reverses and breaks above or below the indicator. More detail: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar

Elliott Wave: 'The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale.' https://en.wikipedia.org/wiki/Elliott_wave_principle

Fibonacci: In nature, this is the proportion of a perfect spiral, like that found on a pinecone and a pineapple. The ratio of one number to the one next to it settles at .618, a number known as the Golden Ratio. http://www.dummies.com/personal-finance/investing/day-trading/how-to-use-fibonacci-numbers-and-the-elliott-wave-when-day-trading/

I've tried to keep the explanations as basic as possible and have relied on published texts.

I hope this helps at least a little. GL!