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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Monday, November 1, 2010

Fibonacci's

Fibonacci is great!
retracements(extension), fan lines, arc, time zones.



as i charted and pointed out last night, Oct 25 is the Fibonacci cycle Top of 55 and 89 days.
at today's low, it still found support at the red Fibonacci fan line. Once it breaks, it's a confirmation of the trend change of large scale.
with all these, you should know where is the next stop, one by one. if not, some one on the blog might help. but take the challenge before ask.

PS. 1). Oct 25: besides the Fibonacci cycle Top, there are also 2 important MT new cycles Top i discovered.