re: go you good thing and fibs Hello alphaknowing you are a...

re: go you good thing and fibs Hello alpha

knowing you are a "fibbing" guru, would appreciate if you could put me straight (and make more money as a bonus lol).

A little knowledge is a dangerous thing!!!! Pls show me (and anyone else if interested) where I went wrong:

Took runup to high of 32.5c (20/8) from 17c low (25/7).
Diff = 15.5c (say 9.5 at 61.8% retracement).

Thus took support to be 17 + 9.5 = 26.5 and duly bought back in yesterday (even bounced back to 28c at close!). Damn, the spreadsheet prediction looked sensational.

Now, don't tell me it ain't so!!!!!!

thanks, ob2