The flounder came out great. That recipe is a keeper. My wife isn’t a fish luver and she liked it too.

Yum… thanks

So there’s some eyeball, practice,etc. here but I’ve been impressed with how well different ones hold up repeatedly. Particularly if you apply a little KT windage. Notice that the 2- and 3-Matt box Fib studies both come up with roughly the same resistance lines; and neither are inconsistent with the single box version, just more granular.

That’s the problem I’ve been grappling with, trying to figure out “on the fly” when and how to draw the fibs. I may be going about that the wrong way, but intraday charts move rather quickly and it’s hard to tell when highs and lows are made.

Still, your charts show that Fibs are respected across the spectrum. Nice.

WELCOME! Hey, toss all the hats you want – the more the merrier.

Thanks for the chart. I’ve actually spent most of the weekend working on a routine to trade the Fibs, using them as support and resistance. Naturally, that was using the intraday time frames, but I had good success. Not all winners, but every day a winning day.

Thanks

Here’s an interesting little George-like study though built around SPX and five passes: 2Yr weekly finding the resistance level we’re now “paused” at, 1Yr weekly looking at the rising wedge which is running out of room – and if you believe those arguments – three Fib studies with different scales and times (ala Matt’s boxes, sorta) to see where it might go if it busts the wedge downside. If it busts to the upside then we’re back to Matt’s box of…what is it now Bull?

http://llinlithgow.com/bizzX/MktCharts/MktH209/SPX3Oct09.jpg

Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender CIT files for Chapter 11 bankruptcy protection, people familiar with the matter said

http://www.businessinsider.com/henry-blodget-goldman-to-make-1-billion-if-cit-goes-bustwhile-us-taxpayer-gets-hosed-2009-10