Quote:
Originally Posted by Ulic Qel-Droma
my crystal ball is called technical analysis.
you read this strange language on your screen composed of lines and stuff... that tell you the future... and based on what you read.. depending on how good you are at it... you can see where prices should go and bounce. lol.
but im serious. if you pull up weekly chart for apple, do the fibonacci retracement... it's no coincidence that the lines say it will pull back down to where apple took off exponentially... magically it is also the next major support... coincidence? i don't think so.
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My charting software doesnt include the fibonacci retracement but after viewing the weekly I see the support your refering too.
What software do you use?