Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (8189)	6/10/2000 3:17:00 PM
From: smchan	Read Replies (2) \| Respond to of 39683

Ken, Yes, it does support fibonacci retracements. I just don't know how to use it. Any pointers to tutorials, etc? Thanks, Sam

To: Ken Adams who wrote (8189)	6/10/2000 3:30:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 39683

Ken, Does your charting software support Fib retracements? I'd be happy to discuss this if others don't consider it too far off topic. Recognizing that I'm new around here and can't speak for the veterans, I'd still like to say this is very much on topic, IMHO. One of my earlier messages posted here suggested Fib retracements as an alternative to adding a longer term average for confirming a MAX. They could also be used as an early signal to close a position before MAX in the event of a sharp reversal. It is conceivable that this could lead to re-entry on the same side in some cases, eliminating some of the losses that are taken when reversing a position proves to be "wrong". Dan