Tuesday, March 9, 2010

Fibonacci Rocks Your World!

Just a quick note to tell you something you already know...

One of my theories yesterday was that we would get a 50% retrace of Friday's candle. It didn't come to fruition yesterday, but last night we did get a 50% retrace of the entire Friday/Monday move. I've been using Fibs quite a bit lately, and this is just further confirmation that Fibonacci rocks in the trading world!

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About Me/Disclaimer/Philosophy

Trading since 1996, it NEVER leaves my mind which is a curse and a blessing. I trade stocks, options, and futures.