textbook fibonacci retracement, page-16

From Tuesday -

"Posted this chart earlier showing the 61.8% retracement & the other two common numbers that stocks retrace.
I use the oscillators to track the start/finish of trends."

Here's the updated chart.

Note how the last four peaks have all been followed by falls of very close to 66%........I'm hoping the trend will continue.
Am happy with the broadcast. For me, this has always been about the oil, quality of personnel & location.
Good to see millions in the buy side again....

"The maximum retracement is usually two-thirds."

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:john_murphy_s_ten_la

IMO, DYOR
Regards
Chalea