FibCalc Examples

The opinions expressed in this column are based on how I interpret Events, the Market, and the Charts -- unless otherwise noted --  and are not recommendations to buy or sell securities. Trading stocks involves risk. Never put your money on the line without a thorough understanding of what you are doing, and why you are doing it, based on your own personal experience. No Chart Pattern works out the way we think it should every time,  so it is vitally important to have a protective Stop-Loss and/or Exit point planned before entering into a trade. Do your own research and testing before attempting any of the techniques discussed in my columns, materials, courses, or emails. I cannot be held liable for any trading decisions based on any information obtained from me. - Rick LaPoint

Real Examples from the Market

UpTrend Retracing Down

DownTrend Retracing Up

Lesson: 50% Phenomenon Theory

50% Phenomenon Down

Pivot Dates by Ratio

UpTrend Retracing Down

Looking at this 15 Minute chart for RIMM over about 5 days illustrates 2 different approaches to playing the same chart. The Black Targets go with the Black line set, and the Blue Targets with the Blue line set.

Notice how both line sets begin a day or two before. All I am really interested in is where the new uptrend begins. I can choose a small pattern or a larger one. If I am playing Retracements that fall, then I am looking for any beginning of the uptrend from which the pattern began. Here we see the same Low for each, yet different Highs, with different results.

Here is the 15 minute chart for the QQQ over 4 days.

This could be played as 2 separate UpTrend patterns, the Red and the Blue. As always, Actual's are in Parentheses.