Anyone on Fibonacci Arc?

**TSPIntel** · 03-29-2011, 04:09 AM

It is my understanding it is a charting technique consisting of three curved lines that are drawn for the purpose of anticipating key support and resistance levels, and areas of ranging.

**JTH** · 03-29-2011, 04:22 AM

I've tried to employ it in the past, but find it to be too inconsistent to warrant use. Individual results may vary.

T.png

**TSPIntel** · 03-29-2011, 04:33 AM

MARCON, Thank you for the feedback. I appreciated.

**TSPIntel** · 03-29-2011, 04:51 AM

MARCON, did you also try the Fibonacci Channels? any feedback on them?

**TSPIntel** · 06-09-2011, 04:03 AM

If I remember correct from my planet elementary schooling... Fibonacci Serie is formed by the 1 1 2 3 5 8 13 21... so if the hedge fund managers are using this reference also the DOW should be breaking its closing from 12807, 12166, 11782, 11142, 10117.
Are we going to hit 11782 ? If so, 11782 will be touching the 200 EMA... we got one week to get there... Untill the Full Moon and Full Moon Eclipse change and turn our "TIDES"