Forum Archive Index - July 2002

["Chris Morgan" <ica.sports@xtra.co.nz>]

Winner69

Thanks for doing the maths & getting the exact Fibs, I was roughing it at about the same low to high on a simple 30,50 60 at 3.00, 3.30 & 3.90 (from memory, through the envelope away, had bills in it). I havent updated todays asx (doesnt come through until about 9.30pm. I know nothing about this stock, I will shortly post a MA crossover chart which may be useful to follow in the next few weeks as it closely resembles its historical activity if thats useful. It will really just reiterate Phaedrus' point on simple MA crossover systems, that should keep most people on the right side of the market.

 

Regards

 

Morgy

----- Original Message -----

From: winner69 .

To: sharechat@sharechat.co.nz

Sent: Friday, July 12, 2002 7:35 PM

Subject: [sharechat] PHY

Morgy - PHY Fibonacci retracements

 

Using the low of 115 in April 2000 and a high of 480 during 2001 the Fib 50% just happens to be 298 - a strong level of support for PHY you showed on your chart..

 

On the upside Fib 39.2% is 341 and Fib 23.6% 394 

 

Good increase today - I wonder what was behind it

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