Posted by padraigm on 24th of Jul 2009 at 11:42 am
That is possible. I just think it is the normal ebb and flow of
the market. When it exceeds the 61.8% level in a time frame
something has changed. So far this is looking pretty normal on t 5
min chart.
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S&P 5 min chart
Posted by padraigm on 24th of Jul 2009 at 11:13 am
So far respecting 38% Fib
fib
Posted by rkelman on 24th of Jul 2009 at 11:29 am
do you think a lot of traders look at the same thing and thats why that start buying at these retracements.
r
That is possible. I just
Posted by padraigm on 24th of Jul 2009 at 11:42 am
That is possible. I just think it is the normal ebb and flow of the market. When it exceeds the 61.8% level in a time frame something has changed. So far this is looking pretty normal on t 5 min chart.