Replies to post #90196 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Here's some Fibonacci information:

http://stockcharts.com/education/Resources/Glossary/Fibonacci.html

For trading I've found the most important timing fib numbers are 5,8,13,21,34,and 55. These can be applied to trading hours, trading days, or even trading months.

You can look at past highs, count the number of trading days until the next high (or low) and it will often times be one of those numbers.

For re-traces, the most commonly used fib numbers are .618, .382, .50, .786, .214, and multiples of those numbers (1.618, for example).

If a stock went from 100 to 200, the .618 re-trace of that move would be 61.8, which when subtracted from 200 would give you 138.20 as the .618 re-trace of the move up.

I hope this helps a bit. Sorry if I use some shorthand during daytime posting.