I’ve read a few option books.
THANKS... This is probably the most comprehensive "greeks" article/book I’ve read.

Wonderful blog. …..
A wonder wealth of knowledge there. Thanks so much for your kindness in publishing it!

Thank you very much for the most concise and simplest option intro. Highly recommended.

So far, yours is the best blog/site on basic options notes in the web that I have chanced upon.

Saturday, March 28, 2009

Trading Video: What If Market Moves Beyond 62% Fibonacci Retracement Level?

From the previous videos (See “Related Topic” below), we have learnt a few tips of using Fibonacci Retracement in the real examples.

As learnt from the videos, markets tend to make price retracement / pull back at the level of 38%, 50% or 62%.
Generally, market will make retracement to level 38% or 50%, while retracement to a level of 62% tends to be an extreme move. Very seldom market will make beyond 62% retracement.

How about when market has moved beyond 62% retracement?
This video shows a real example in the current S&P 500 market.

Recently, the S&P 500 market is in a rally.
Is the rally in the S&P 500 market for real, or just a rally in a bigger bear market?
Watch the video to find out.

PS:
Did you notice the "Talking Chart" in the video?
Pretty cool, huh? :)

Related Topics:
* Trading Videos: Fibonacci Retracement Rules
* Trading Video: Using Fibonacci Retracement To Determine Stop Loss & Estimated Price Target
* Trading Video: Fibonacci Retracement & Support/Resistance
* FREE Trading Educational Videos You Should Not Miss
* Learning Candlestick Charts
* Learning Charts Patterns

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