FIBONNACI
RETRACEMENTS Time cycles reflect the underlying order in the markets. A knowledge of cycles allows us to forecast future tops and bottoms, and to make price forecasts for future tops and bottoms, as well as time forecasts. Fibonacci retracements are especially potent when combined with the timing of cycles. Cycles frequently make a bottom within the 38% - 62% retracement range of moves from high to low. By combining the Fibonacci price relationship with the timing of cycles, the significant price levels of bottoms and tops can be anticipated, keeping you out of a market until a minimum retracement has been made, and giving you the confidence to enter markets when maximum retracements are made.
Audio
Commentary
An audio file is attached to each of the following pages. A RealAudio
Player is required to hear the audio commentary. If you do not have RealAudio,
you can download it for FREE from the RealAudio
link below. Or if you prefer, just read the written commentary
that appears under the charts (although there is much more information
in the audio than in the text).
To Begin
To
begin, click on the Lesson link that appears below. If you want to bypass
the lesson and go directly to the markets, click on the appropriate link.
Please note that the market analysis was done on 3/19/99 and reflected
Walter's opinion at that time. The purpose of including the market analysis
with the lesson is to show how Walter combines technical and cyclical
analysis with the indicators to trade and forecast the markets.
