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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (4949)	6/20/1999 12:35:00 AM
From: max	Read Replies (2) \| Respond to of 7382

<<One problem I am having is that I cannot tell which fib line is which since they don't appear to be labelled>> Rick-The .38 pivot is the nearest one to the support/resistance you're retracing from (38% retracement of the range), the .5 is the middle, and the .62 is nearest the other end(62% retracement). My understanding is that .5 is not a true fibonacci number, but is included in fibonacci figures due to its psychological significance. The .38 extensions of prior ranges are often the exhaustion point of the move due to the natural rhythms you mention. Hope this helps.