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779 may provide some resistance .382 but if we move above it we can trget .618 area 784.20

here is a .786 area that was hit today

Also, when the markets move past a previous swing high or low the next important Fibs are 1.27 and 1.618 for a possible reversal

Raul, I have been studying this very subject for about 3 months now. An Excellent book that helped me is by Larry Pesavento Fibonacci Ratios with Pattern Recognition. It is 49.00 and worth much more. If you want to discuss this further you can PM me with your phone number and I will call you...

I trade the ER.

I am in East Lansdowne if anyone wants to meet

Well, does anyone want to set up a meet and greet, or are we just taking a poll????

phillyflipper here. near the airport...Phila International

I played it the way I saw it at the time. stayed short for 4 days and took my stop today. Good trading to all and congrats to all who got it right. Keep looking for the next set-up.

I will put my neck out there and say a top is in on ER at 821 and change and we correct to 765 over the next 10 weeks. ...No, I am not smoking anything. If 765 does not hold then we go to 728 over an additional 8-9 weeks. And this will be a pullback in an uptrend that started on 03/14/2003.

Markets need an excuse to come down off these highs. It may or may not be the "real" reason but we are at a critical juncture at these levels and time (duration of trend) . I am mainly talking about the ER.

How do you think markets may react to Senate discord with the President's decision to send more troops to Iraq?? And right before Presiden's day!!!

Drew, did you ever put on that MSFT trade?? If not wait. It will probably hit those other areas I mentioned....27.70 then 25.30

Drew, i am not bearish on MSFT . I am just looking at the movement and retracement patterns. You may be able to buy at a better (lower price). Watch the 29.55 to 29.65 area tomorrow. If it can not stay above that then it could come down about .70

Drew, watch 29.55 to 29.65 area for resistance and another move down to 28.85. Just my opinion

Drew, If MSFT can not stay above 30.40 then it is coming down to 27.70 and then 25.30. That stochastic will get you into trouble unless you are trading nickles and dimes.

I use e-signal. i look at .382 .618 .786 1.0 1.27 and 1.618 Larry Pesavento's work has helped me alot. my trade placements are more accurate

NOOB, you want this to be as simple as putting an indicator on a chart and rake in the money. So do we all. You have to learn about the markets as you would any other business. Just because I own a hammer it dosen't make me a carpenter I use Fibs as my sole market tool....nothing else...

Does anyone use Exact entry points? For example an SMA. yes, losers. I do not mean to be mean. MA's are good entries for trending markets, but markets trend only 20% of the time, so 80% of trading entries need to be made above or below MA's