| tradehead |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Wednesday, June 6, 2007 |
| Friday, December 5, 2008 7:45:08 PM |
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Craig,
Ok, the moron (me) has it now. I was taking half of the full price of $ 118.80 instead of half of the "move", duh, duh, duh. Thanks again Craig, great job!
Ed
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Craig
Thanks again,
I've been doing it the way you show on the video. I'm looking at (RIMM) on a daily at shift-6 zoom. The high on Oct 9th was $ 118.80. If I put up the fibonacci lines they don't show the right numbers. For instance, If I go down to the 50% line it should be at $ 59.40 but the 50% line is at $ 90.11, what the...?
Can you spot anything I'm doing wrong? Thanks for your time.
Ed
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Craig,
Thanks for the reply,
I took the trend at the top and placed the cross-hairs on the top of the candle shadow and held the mouse and took the line back (like your "help" section shows) to the candle that began the trend. The fibonacci lines all appeared and the first line from the top should show a 23.6% retracement but it's no where near that. A 23.6 retracement should be around the 90 dollar mark and the first fibonacci line is at about 96 or 97 dollars, way too high. The stocks high was about 118 bucks, If I take it down 23.6% it should be around 90 bucks but again it's around 96-97, too high. Your "HELP" section shows that you start at the top of the trend and go backwards in time to the beginning of the trend . Am I doing something wrong. The way you explained it is the opposite of what the "HELP" sections shows. Any help?
Thanks again,
Ed
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I can't figure out the fibonacci lines. I start at the top of the current trend then go back to the beginning of the trend for the end point. When I figure out the numbers for the retracement of 23.6% it should be $30.39. The stock price is at $39.91 None of the retracement lines are even below the $ 30.25 number they are all above it. Duh, what am I doing wrong? Thanks for your time.
Ed
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