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Sorry for posting so much on this subject, but I need to make sure to
correct an error.
I entered the wrong range on one of the calcs, using a high rather than
a low.
HOWEVER, you'd be interested to know that the proper calculation came
out with basically the same assumption for trading this market long.
Note the recalc below:
----------------------------------------------------------------------------
TTC ver 2.3 - FIBONACCI RANGE LEVELS CALCULATOR
Last Close Price: ( 0) Range Prices: (68.63)-(71.45)
Top Extension Levels Within Range Levels Bottom Extension
Levels
72.86 71.45 67.96448
72.52724 70.78448 67.55276
72.11552 70.37276 67.22
70.04
69.70724
> 69.295 <
> 68.63 <
------------------------------------------------------------------------
A low risk long could be made by buying from the top price marked in ><
and placing a stop below the 68.63 by a few points.
No more than $300 should be risked on this trade per contract.
cheers!
:)
rick
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