Posted by: rp on the 6th of Jan 2012 at 08:27 am
the fib time zone charts on SPX and RUT from last night were weekly charts. when i woke up today i figured that i’d try them on the daily SPX chart just to see if they worked as well and have to say i was impressed once again. pure coincidence that these fibs happen to fall on these major market turns?… maybe, but the more charts they work on, the less likely it seems a random coincidence. here’s the SPX daily. i’ll play around with the other indexes and maybe some intraday time frames as well. arrows mark the top or bottom of the candlesticks in the peaks or troughs in case you can’t see them thru the fib lines.
