Originally Posted by
winner69
I love how nature invariably plays a part in how things turn out and no finer example than Fibonacci numbers (even moosie mentioned them the other day so must be good)
From taking from when the big guys bought in to the peak of $45 the 50% retracement is $31.50. Bounced off it the other day and closed just below it on Friday.
So another bounce? If not the next step down according to Mr Fibonacci is $28.30
If real carnage then $24.40 - the Mike Tyson lead before the knockout blow at $18.00
Of course it will bounce off that $31.50 line eh ..... and even then a double bottom which is all good news anyway