Posted by: rp on the 5th of Jan 2012 at 05:57 pm
i don’t have any experience in using fibonacci time zones but i was playing around with them today and found it interesting how they line up with some of the major turns in both the $SPX and $RUT. i set the initial point at or near the 2007 highs and the next line on or around the first major reaction low (the rest of the lines auto-fill at pre-determined fib intervals). if anyone has experience in using these i’d welcome any feedback or alternative charts/views. thx.
p.s.- most importantly is the next major turn date on these charts.
