xjo weekend zoomba lounge, page-26

Mr Market 11/2/12; Fib fun & RSI update
Hi trippers.

PS you can view the following at my bog here GJ blog

Introduced to fibs from a chart Volt did years ago showing how they can be used to "project" turning points of a rally using existing pivots. Then I remember a podcast that predicted 2011 high using them & more recently been intrigued by the often unfathomable Maxi calls. Many good practitioners here I follow (eg. Mr Barnsty has made many fine observations). Saw Volt pull his projection magic out earlier this week so had a play this morn'.

PS; Fibs & the idea that a mathematical sequence & associated ratios can project, map & predict price is the one bit of truly "magical" TA I have come across. In fact the logical aspect of my brain always tries to "smash" me accepting it .... but the proof of the pudding is in the eating ...

So SPX long term (just love that 666 low; not enuff made of it IMO; must remember to find a pitchfork associated with it LOL)

& similar DOW set up:

& actually my fib grid of the day; fairly unimaginative BUT oh so compelling IMO

Boring old Oz

RSI UPDATE; (not sure if anyone following my recent thoughts re RSI??)
Anyone remember this KAR from last week?

Here is the update.... still loving RSI ...

& to the indexes: XJO

& DOW...

& the AUDUSD

Have time this week as my hellish start to 2012 slows & if Price & RSI moves the way I expect will be looking for good short entries. ;<))

& here is TLS update as I have had some comments when I previously posted; higher lows and forks still intact; supported again off the blue sliding parallel (blue dotted); holders look for decisive break of blue med)

Cheers g