XAO 0.63% 8,759.7 all ordinaries

Whats it all mean . The xao bounced off a fibonacci retracement...

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    Whats it all mean  . The xao bounced off a fibonacci retracement from january 10 peak and has bounced off that now nearly perfectly.

    Remember the euphoric run up from around this time last year into christmas that was the bottom where we placed the point to draw the retracement fibonacci .

    Positive sign for the witches and warlocks? Somethings worked on the chart anyway . We did that ages ago and have done automatic line extensions of the fibs .

    You can pick up a chart and be rusty to it that's for sure .But notes and lines help to pick up things as you scroll stuff or have your thinking cap on .Mines pretty alert currently even if it does not seem so it been ages since i've looked much or paid attention to anything

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