bet your as busy as atm..congrats on your recent calls
I had this on my clipboard..its out of context from the NDO thread.. will post it anyway ............
Hi B2
re the big fibbers
I'm slowly coming around to your way of thinking ..
They can however be another "self fulfilling" technical support resist level indicator..
Its also easy to use them to divide your stock moves by approximate 1/8ths If you like.. they are an easy way of seeing other chart trading patterns such as head and shoulder ranges. A better picture than using Quadrant lines IMO..
"the way I use Fibs" does not work well on indices ie the XJO
so how could the underlying XJO stocks conform?
................................ just random rave chat..yes the 180/200 ma and also the 30period EMA (weekly data)is used by Weinstein theorists ...... Rich Dad Poor Dad Secret of trading best performing stocks in best performing indices rated by relative strengths RSI...comes in.. ...TA Stock selection is another kettle o fish ..
