Following Fibs, our "C" point is .42. Once we pa
Post# of 1149
Posted On: 03/10/2014 12:47:50 PM
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Re: fingermoney #111
Following Fibs, our "C" point is .42. Once we pass it (close over it), the higher the volume, the stronger the fib.
80M is the target, but it doesn't have to be today... the 80M in volume can come at any time within 3 days of the cross. So, if we close over .42 today, we need to have an 80M volume day by Wednesday to keep the fib at max strength.
The next leg up has a range of .52 to .63. The lower/higher the volume when crossing indicates where in the range we will fall. So, we could press mid .50's if volume is around 50M or so.
I think consolidation before anything over .60, but would LOVE to be wrong as I own a good amount here...
GLTU
TM
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