Thursday, October 29, 2009

Speculating Fibs

I noticed lately a lot of stocks retrace their fib levels - 23.6, 38.2, 61.8, 78.6 - in ranges that with highs in an uptrend or lows in a downtrend that haven't been reached yet, or don't exist, hence speculative:

Here, for example, the SPY retraced at the 78.6, 38.2 and 23.6 levels without reaching the low of 102.69, so that level would be used as a potential buy/cover level on more downside

Friday, October 16, 2009

Thursday, October 8, 2009

Messing Around with the Max (options) Pain Tool

It'll be VERY interesting following stocks with this interesting simple tool. Gives very defined risks on accurate time frames. Check out their website here.