SPI chart below.
Now before the Gann people jump all over me I acknowledge Gann did not use fib ratios - BUT they work on some markets and Gann's fractions work better on others. Like all things Gannish an open mind is a useful thing.
BTW - I constantly see people referring to 50% as a fib ratio. It is not! I would suggest as Gann advised, it was slipped in because it works.
Say Something Nice - Friday, page-78
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Last
7,968.8 |
Change
-44.600(0.56%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,013.4 | 8,013.4 | 7,918.9 |
| XJO (ASX) Chart |