How?

Quote from Hook N. Sinker:

Some people might look up into the night sky and see a big dipper, a hunter, twins, crab, bull, scorpion, scales, and a lion.

Other people just see stars.

What do you see?

A cold and uncaring universe which is completely indifferent to my carefully laid out plans. Hows that for some holiday season cheer?:D
 
Another suggestion for delving into the realm of Fibonacci analysis - read the book "Trading with DiNapoli Levels" by Joe DiNapoli. Not the cheapest book on the block (upwards of 140USD on Amazon), but you have a choice on how to pay your trading education tuition - printed literature or losses to the markets (personally, I have used both - lol).

Numbers (turning points) derived from these ideas are like magic when they hit, and when they don't, you can always say they shudda - heheh. Seriously, tho, at the least they can provide possible clues to future price direction, simply from observing how price reacts at these various levels. Not the Grail, but a usable tool nonetheless.

Google: joe dinapoli fibonacci for more info ... good luck/
 
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