"So, if we set a series of ratios from all these
theories on the retracements, we end up with:
.125, .23, .25, .333, .375, .382, .5, .618, .625, .666, .75, .78, .875
Obviously, one of the theories will be right. LOL"
I THINK YOU'VE GOT IT! LOL
On a completely different note -
How about some Sunday Silliness?
Do you remember your first trade?
Or your first "significant" trade?
My very first trade - about 20 years ago - was thrust
upon me. I took some penny stock in payment for
some graphic design work because the one-man company
could't come up with the cash and I had been waiting
for three months for payment.
It was $500 worth of a 10 cent stock. 5,000 shares
of a stock I'd never heard of.
My plan was to just sell it immediately and get the money.
Since I was very busy at the time, I didn't get around contacting
the broker until two weeks later. When he told me the stock was now
at 95 cents a share, I nearly fainted.
"Sell!" He placed the order and when he called me back it had been filled at $1.01.
I had just made an extra $5K.
About a month later the guy who gave me the stock called.
He was laughing so hard that he could barely speak.
When he finally calmed down, I learned that the stock was now at $20.
Yep, my 5,000 shares would have netted me $100,000.
The lesson I learned: There are opportunities in the market. |
