Re: [Technical-Investor] TA question

 

All the four points can be considered for retracement with different time perspectives. But among 2 and 3 which are not widely apart,(in case of stocks and futures), volume should be considered. The pivot with surging volumes should be ideal one for the retracement consideration. --- On Sat, 2/6/10, Abhijit <ap19632000@yahoo.com> wrote: From: Abhijit <ap19632000@yahoo.com> Subject: [Technical-Investor] TA question To: Technical-Investor@yahoogroups.com Date: Saturday, February 6, 2010, 7:00 PM   A genuine query on TA - not a poll or a quiz.   I always face this question whenever I find out Fibonacci retracements.   HUL chart attached (this is a 4-hour chart) - you can see 4 major tops from 27th July - these tops will be the same on daily chart too.   Question is - which is the best top to be considered to find the retracement levels (of course - assuming we have a low now at 227).   I am aware one needs to take the last top first and go step by step.   Has anyone come across any article describing this?   Cheers,   AP

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