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Gold/Mining/Energy : Microforum (MCF:TSE)
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To: Shack who wrote (1235)4/27/1999 11:14:00 PM
From: MICHEL GUIBERT   of 3896
 
It's just Fibonnaci
The low price with resistance was 1.10 if you take a few month period
You add 62% at the value it gives 1.78
100% will give 2.20
162% give 2.88
262% give 3.98
423% give 5.75
686% give 8.65
1107% give 13.28
Many people don't believe in that, but many stock go up 62% and down 30% and so on (Elliott,Gann,Fibonnaci)
Check them, don't watch at one cent near, but personnaly I consider them as resistance and support
Go MCF
Bye
MG
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