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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: milesofstyles who wrote (12769)2/26/1998 4:09:00 PM
From: James Strauss  Read Replies (1) | Respond to of 79313
 
ACRT...

>>>hmmm, wonder if fibonacci 63 came into play. think this is the end of the retracement? doesn't that one have more significance, just trying to identify something i still know very little about...any comments please.<<<
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Miles:

The Fibonacci stream would be 8,13,21,34,55,89, etc...

So... ACRT found support between 55 and 89 on the weekly chart yesterday... Today, it dropped to 12 9/16... This brings it closer to the 89 day MA in the 11.25 to 11.50 price area...

Jim