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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400
Posted on 5/6/13 at 3:28 pm to Waffle House
Posted on 5/6/13 at 3:28 pm to Waffle House
quote:
I think it is 23.6% of the spread between the 52 week H and L.
This.
High - 705.07
Low - 385.10
Spread - 319.97
23.6% of 319.97 = 75.51
75.51 + 395.10 = 460.62
38.2% of the spread = 122.23
395.10 + 122.23 = 507.33
1
Posted on 5/6/13 at 3:38 pm to BennyAndTheInkJets
Also note that these fib levels seem to be significant on shorter time scales, as well. Many "corrections" during movements tend to touch these percentages of the amount of the move. Make sense?
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