Pig in a Blanket Monday, page-8

Here is the fib hit for the NQ (NASDAQ futures).  This monthly chart goes back to the start of the contract trading I think, when the tech bubble was really firing up.  Doesn't look much on this time frame but the daily below shows it better.  The hit was precise by a couple of points and the reaction immediate and severe, see the 1 hr below.







Good for 130 points into the 200 day sma if you're clever enough.

This chart below it just amazing to study.  It is the 3hr chart of the Aussie/Yen and shows the move into last week's low.  The gradual move down on the left was exactly 89 yen and a 13 bar decline.  Price then moved to a marginal new high before a sharp reversal into the low and that was exactly 144 yen, so the second range was an exact 161.8% extension of the first range.  One variation of an indicator I'm studying gave a buy where the green bull is on the right of the chart.  I had thoughts of posting it over the weekend, but decided not to.  Even if I had it wouldn't have helped anyone as the pair opened over 83.5 yen this morning, so the time to buy was before the weekend close.  But the fib stuff in this chart is pretty special.