Sunday, May 2, 2010

Timing is Everything!!!!!


Light Crude Continuous Contract (EOD) Index
  • This week's minor low was made at a dynamic tend change termination point.(green circle)
  • Friday's close above the 2.618:1 downtrend
  • Point and Figure buy signal with a 95.00 price objective.
  • Fibonacci projections: 97.40--97.80
  • A close above 87 would be further evidence that the Fibonacci objectives will be tested.
right click chart for enlargement options.

The chart below is of BP AMOCO PLC. The interaction with Fibonacci cycles and ratios is incredible.

No comments: