Replies to post #113306 on Simple's Green Room

[simplegreen]

Sweet aint it pennies..the fib boxes are the best thing since sliced bread and the Quad Tunnel!If you or any of the others are using the fib boxes you will by now have noted that the range of 38.2 and 61.8 are consolidation areas and that most market moves are drawn to its center of 50%...50% of each move is like a magnet drawing price back as profit taking occurs..the zweo is an A point and 100 is a B point with 50 as a relative target for a C point.A break above 38.2 or below 61.8 usually has nice momentum even if it fails and dips back.A break above or below a box has momentum also as a new trading range comes into play in a higher or lower box.
They sure have been sweet for me!