XJO 0.80% 7,733.7 s&p/asx 200

tuesday trading, page-31

  1. 18,874 Posts.
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    Hi NL,
    I think this what you may have been fishing for but with your rod in the wrong spot.lol
    Here's 2 fib sets that fit note where they interlock eg 0 with 0, 23.6 with 38.2,38.2 with 61.8 these are what I'd call major fibs the others on there own I'd call minor fibs remember we are talking about a 30 odd year chart.
    I've also put in all the major pitchforks note the action and reactions to the the major fibs at or near the medium lines.(white circles)the red is at a minor,as are yellow & blue but they are at major midlines the next major fib & midline intersect is at green.
    So what will be the reaction at the yellow circle, if its off then is it a minor reaction back to the yellow midline then a reaction again to the blue circle then to the green circle or just back to the green circle which would be a candidate for a triple top....
    You tell me pretty interesting stuff though...
    Hey don't blame me if you get no sleep tonight you started it...lol
    Btw I haven't tried it on the DJIA yet but will have a look.
    Cheers Pete
    Pps the charts are thumb nails so click on then that way they are a bit sharper..

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