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    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
    BAMM?

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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Time for a last hour ramp? It sure needs some more uncorrected upside, after over 70 points straight up...
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    that's what I was thinking....watching 145.80 - 146.12 area on spy
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Originally posted by rat89

    yes....take out your calculator just for fun, enter .382 and hit the square root button once, twice, three times....those are all fib

    jim can explain more than me about .786 vs .768

    also.....think the inverse of 1.27..

    Originally posted by albert

    Originally posted by rat89

    albert - 82.05 - 83.37 retrace at 82.35 = .768






    rat, thanks. Is that a fibonacci ratio?

    [/quote]

    rat,

    I cannot disagree with any of that.
    Since you draw such pretty and rockin' charts, I am just going to take your word for it.

    Al Kamego
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    no really.....it's awesome to play with the square root function and ponder the relationships....roofer got me into it...
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Well, imho, you are learning from the masters, some of the best!!

    Al Kamego
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    and there was the spike to the new high....right into the 1.27 on spy....can they hit the next one in two minutes?
    RA
    rat89
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    Posts: 7,015
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    amazing things happening here....


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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Click image for original size
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Gap on 5, 0.886 fibo retrace, 0.786/0.786 SL, price advances, reverses at ML, drops and finds support at 0.618 fibo/50 SMA/21 SMA/ Lower ML //, KIG.

    Al Kamego
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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Right at the SL. Oh, how I wish that was it. I mean, totally it, full bear market from here... How I wish... And if wishes were horses, beggars would ride...