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30/09/10
23:21
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Hi vyayavar....
I can't post a chart (geez I can barely type lol) but what I see is....
From yesterday's low to today's high I have Fib support levels of......
38.2 = 9.3
50 = 8.9
61.8 = 8.5
76.4 = 8.1
Also the 5 day EMA = 8.2
Just a few guidelines for top up or entry.
Who knows where it's gonna go, but the Fibs and 5 day EMA have worked ok recently.
Cheers
PS.....Just noticed eieio's post....
The 50% Fib at 8.9 corresponds to the midline parallel support.
Cheers
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