Thursday, May 23, 2013

Amazing Fibonacci Retracement Tool Forecast Tops

Recently I read and watched the video of one Fibonacci Expert explaining how to use Fibonacci Tools to forecast/analyse Price and Time.  At last, I learnt how to use the tool properly, haha.

I decided to explore the Fibonacci Tool and apply it to forecast/analyse Prices of IPO and STI component stocks.

I've shared my analysis on S&P500 in an earlier article.

Since last Saturday, I've completed my analysis for more than 20 stocks in my radar, all pointing to a potential Top.  Today, market performance provides evidence I could be on the right track.  Look what happened to Nikkei, down 7%!

Yesterday I found an article and decided to use Fibonacci Tool on Time Analysis on S&p500 and Straits Times Index.  Guess what?   Yes, Time is Up!

Wow!  Amazing Fibonacci Tool if applied correctly!







 

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