someone just mailed me....

[#1]

Someone just emailed me and asked how I can predict price moves. Well the short answer is I cannot - no one can. What I can do is us fibonacci levels which have very high levels of correlation with price movements. I am constantly amazed at how powerful the use of fibs are. Of course they are not perfect and you need to be aware of this but buying in the direction of a trend on a fib retracement can improve your timing dramatically. The great thing is you can apply them to absolutely anything and any time period from a tick to years. Also great for buying multiple lots...

[bothac_1]

Hi...do you mind telling me a bit more about these "fibs". Is there a website where I can read more? Thank you.

[#3]

Ja, in a nutshell they rely on the natural order of things - a ration between things that is found everywhere. As the market is made of the collective actions of people (natural things) there is an order in their actions which conforms to the ratio. www.investopedia.com should have stuff. The theory which Fibs rely on is not some Hocus pocus but is something which is used extensively by scientists and other such serious people...

[akb]

if after all your research and u still cant predict movement then u should not be trading-instead be cahrting graphs for others and making a better income .

[Asher]

to digress: the fact that fibs have so many uses, is awe inspiring