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How do you guys feel about the fib ratio for determining peak to peak. You can see it playing out often on the charts that the next peak will be over by a factor of the ratio. I dont see a lot of people using it here although BB did just post a chart with them. Are there any good freeware programs for plotting fibs?

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Last post for today...

 

SPX - 15m

 

818 is the area where the downswing that started yesterday will match the price drop of swing AB. That is also the area where Doc is projecting as a short term low... The time for that low is around noon tomorrow... (theoritically ;) )

 

Have a good night

 

spx_15.gif

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I picked up a few HDI Harley Davidson Hogs @ 37.40

 

This was a very interesting trade. I put in a limit order about 2 weeks ago, based on a bullish weekly gartley pattern. 37.40 was the calculated completion..... guts? No brains? or confidence in your own work....... we shall see.........

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