Replies to post #27949 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

success, so far ... Fibonacci rules :)

I looked at my chart and added Fibonacci retracement lines and see you are bang on. I haven't spent much time with F-lines, I guess I need to look into it.

jonesie

[stocktrader1]

Nice call on the Fibonacci retracement to .38! So where do we go from here? TIA

[kihei]

success thanks for reposting that chart. I'm still rooting for the .618 fib level to hold. For as you can see the next support level is a long ways down. If anything there might be a shakeout like there was on 6/22, because if the MMs created a new low it would affect the fib extension lines on the next uptrend. Still anticipating a move on the 2.618 time fib.