Just finished reading Conrad's notes (Wealth Academy Trader) and practising on Fibonacci(FIB). 1 of the exercises is to practise FIB on the Dow Jones(INDU). Try that on the downside seems mkt is bearish and if I did it correctly, INDU MAY drop to ~11600 in 2mths. That means end of April, I should see INDU at around that point. We'll see.... Hopefully, I using the FIB correctly.... if I found there is wrong, I'll be back ya.... Cheers!
Sunday, February 24, 2008
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