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Strategies & Market Trends : Charts & Scans
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To: robert b furman who wrote (4367)1/14/2005 11:00:39 AM
From: Jeff Jordan  Read Replies (1) of 5125
 
Hi Bob,

Questions?<g>

Not fib time....fibs on last move from approx. 10,400 to 10,800

other fib circles anchored to peaks valleys.

The rule for me is expect the 1.62 retracement if the 62% and last chance harmonic 70% fib is broken. When the bounce doesn't occur before the 50% or 62% fib one should expect a continuation of the trend.

....did U understand any of that?<g>

Yes, when I use fib time I also anchor to peaks and valleys.

I also determine support/resistance off the 40 moving average.
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