fib works perfectly , page-27

dana22,
You should read my previous posts on 14 and 15 Oct BLACK CANDLE as follows :

"As predicted, resterday black candle showed sign of a retracement:

High: 9.2 Low: 4.1

Retracement (FMS)
23.6% = 8.0 (done)
38.2% = 7.2 (done correctly!)
50.0% = 6.6 (soon)
61.8% = 6.0 (will be)
78.6% = 5.2 when?
100% = 4.1 maybe????"
_____________________________________

This morning, instead of FMS I picked some CNX @ 26.5 and 27c (retraced nearly100% between H 43/low 25!) and sold a half for profit, just in case tomorrow or next week DOW down to 8000 and XAO down to 3500 then FMS will be 4.1c again or lower. I may be WRONG but who knows? Less Buying than Selling now.

You read my 14 Oct post, I sold BBP, GDY,CNX and MEO to keep profit. Today GDY fall to 79c just 1c < 0.618!

Retracement (GDY)
23.6% $0.94 (done)
38.2% $0.89 (done)
50.0% $0.84 (done)
61.8% $0.80 (done today @ 79c)
78.6% $0.74 (will be)
100.0% $0.66 ???
I am waiting to pick up some GDY and few other at lower price. Be careful with FMS because IO. Look at MGX and read bad news on newspaper today.

Take care and good luck