If you manage your own portfolio of investments, Fibonacci analysis of price support, resistance and retracement levels is a vital tool to learn. Most interactive charting apps have an auto draw tool. The simple underlying math (addition, subtraction, division) can be applied to most natural systems.
Until I get this section built, go to the link below and discover the universal power of application. Good reading and fascinating!
http://www.investopedia.com/articles/technical/04/033104.asp
Under construction. More coming soon.
12.02.2007
Fibonacci Levels. Visual Chart Example.
Posted by Michael at 2:31 PM
Labels: fibonacci, retracement, support