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Strategies & Market Trends : Strictly: Drilling II
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To: Davy Crockett who wrote (7375)2/7/2002 6:43:52 PM
From: Louis V. Lambrecht  Read Replies (1) of 36161
 
Fun or coincidences.
April gold futures are pricing fibo levels from the Jan correction (290.5 - 278.5).
38.2% = $283
50% = $284.5
61.8% = $286
100% = $298.5
now comes the fun
161.8% = $298
200% = $302.5
261.8% = $310
see how close we got stopped or consolidated at those levels in only 9 sessions.
finance.lycos.com
As if a strategist was "arranging" prices.
Next? $327 in another 8 sessions. ROFL.

I use Gann and Fib levels, but rarely get such close matches.
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