Sunday, March 1, 2009

Fibonacci Perspectives on Friday's Gap

"Graphic Display of Fibonacci Mathematics"

2D, 5m. - Feb. 28 - Fibonacci retracements of the last two days show a fizzle of upward momentum at just above 23.6% and did not exceed the next level.  This may well be significant as the market rolled over after that.  All of this is so evident in retrospect.   If our foresight could be as good as hindsight we would all be millionaires.  At the same time we need to use the tools we have and Fibonacci can help us.  Check the sidebar for more information on this remarkable 12th. Century Italian Mathematician (Einstein of his era).  At this point we are carefully looking at Fibonacci retracements especially as related to Gap plays.  Stay posted for for our results.