Phillw,
Your fibonacchi analysis is fine but like all tech analysis it doesnt always act the way you want it to and that goes for your fib analysis as well.
If you just relied on that you'd be in more p-- than a werribee duck!!
PS: If you had fib retracements all the time to all levels stocks would never go up!!! think about it.
cheers
the end of the gold, page-26
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