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chart, page-9

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    musashi69,
    I was interested in your fib setting and how you got your 62.00% fib to set at 8 cents.

    That would mean the the high would need to be 12 cents if you used the all time low on the 9/8/11 at 0.0144 cents which by chartist is the correct way to draw a fib set otherwise you have discounted the low which is incorrect.
    On the 2nd chart below you will see that there have been no highs at 12 cents so how can you set a fib from something that doesn't exist?
    2ND Point I disagree with you is on the Trenline you drew, firstly your chart left out the base and your trendline only has 2 hits on it (Very Dubious or Dare I say misleading Charting imo)on the first chart below I've drawn yours in in (RED) then I've drawn in mine with 3 hits on it which denotes the trend is bullish in (WHITE),its possible low close is at 7.3 cents if it gets there that will make 4.
    You will also see I've created a Parrnell line to show the channel it is working in and now it is near the bottom of that channel imo.
    Heres a link TRENDLINES
    Thats my bit.
    Cheers Pete
    Chart 1

    Chart 2
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