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To: HairBall who wrote (79022)6/19/2001 9:42:24 PM
From: ajtj99  Respond to of 99985
 
LG, about the move from 2328 to 2100

I'm still on the learning curve on the Fib retrace stuff, so I appreciate your patience.

I guess I somehow got my bearings crossed thinking that was a greater than .618 re-trace of the move from 1636 to 2328 when it was more like .68 or so. If it had been greater than .618, doesn't that negate that particular move and put a new one in play?

I think I got off track when we dropped to 2002 after the 2232 high in April. That was greater than .618, so I was working from point to 2328. That was my reasoning, anyway, and I was re-tracing from the most recent legitimate move (erroneously, it seems) to 2264. I guess I know you can't negate a top, I was just tracing from the most recent move.

I know we can do various Fib re-traces, and I guess that is what is screwing with me. I've been playing QQQ options through all of this, and the most recent box is what I tend to concentrate on. 1940 to 2030 seems to be the range right now, with 1875, 1775, and 1636 below.

Thanks for the help, LG.