Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1383)	6/25/1997 12:37:00 AM
From: Triffin	of 94695

More on Mr. FIB Some people use the sequence as natural support and resistance levels for stock price action. the point is the ratio of any 2 consecutive Fib #'s which is approx. 0.618 or the so called "golden ratio" several naturally occuring examples in nature etc..as pertains markets..find an obvious low and high price from any chart and calculate the range. Multiply the range by .618..subtract the result from the HIGH price and add it to the LOW price to get the Lucas and Fibonnaci retracement values for the prior range..Markets often turn at precisely these values...also to project next higher level multiply range from above buy 1.618 to project next top. This I have learned long ago but certainly not the only way to apply this to speculative markets.

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