Monday, March 29, 2010

3/29/10 - FIB RATIO

This could be a telling chart. This is a follow up to my previous post,

"Fibonacci Techniques for Math Geeks -- and Everyone Else, Too",
courtesy of EWI. It's a pretty interesting read. If you join Club EWI (it's free), you can download the PDF file. 

The above chart of the SPX utilizes a similiar technique shown by Jeffrey Kennedy of EWI in the article. It is a "reverse Fibonacci" application


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