As predicted, today fall 78.6% = 5.19 = 5.1c, just 0.1c...

As predicted, today fall 78.6% = 5.19 = 5.1c, just 0.1c diferrent!!!
Market is very sick, FMS may fall again to 4.1c = 100% retracement.
_______________________________

Mr_Delta,

Thanks for helping Scorpiogirl about Fib %.
You look at Fib level and try to pick as LOW as you can. But take a good care because IO and commodities prices will go down more in 2009.(China eco will be sick. DOW may fall to 8000)
I hope you and others make profits. (I just picked up some CNX @ 26.5/27c)
_____________________

Scorpiogirl,
You said Didnt quite understand the %'s.

It is easy for you to go onto this website for a quick work:

http://www.fibonacci-retracements.com/fibonacci-calculator.php

(In case you are not sure, then follow these steps)

1) Fill in 2 big boxes (High 9.2, Low 4.1).
2) Tick all small boxes next to the following ratios, up to 1.00 (100%):

0.236
0.382
0.500
0.618
0.786
1.000
1.618
2.000
2.618
4.240

3) Click Submit . It will come out like this :

Fibonacci Calculator

High: $9.20 Low: $4.10

Retracement BUYING SELLING
23.6% $8.00 $5.30
38.2% $7.25 $6.05
50.0% $6.65 $6.65
61.8% $6.05 $7.25
78.6% $5.19 $8.11
100.0% $4.10 $9.20

It means retracement (BUYING) will be:

23.6% = 8.00 = 8c
38.2% = 7.25 = 7.2c or 7.3 cent (round up)
50.0% = 6.65 = 6.6c or 6.7c (round up)
61.8% = 6.05 = 6c or 6.1c (round up)
78.6% = 5.19 = 5.1c or 5.2c (round up)
100.0% = 4.10 = 4.1c


If next week, FMS is down to 4.1 again (provide that not lower than 4.1), you buy (say) at 4.2c. Then, FMS starts to move up. You intend to sell. You should look up the above SELLING (or Expansion). You will see FMS can be up to as follows:

Expansion (SELLING)

23.6% = 5.3c
38.2% = 6.05 = 6 or 6.1c
50.0% = 6.65 = 6.6 or 6.7c
61.8% = 7.25 = 7.2 or 7.3
78.6% = 8.11 = 8.1c
100.0% = 9.20 = 9.2c (again)

Good luck