- reckon it's best if I stick to watching the waves.

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Thanks for that. I'll put it on my 'to do' list and check it every day or two. If I see an update I'll let you know.

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Yeah, you see this is where I get confused - or I've got it very wrong - but to me that seems illogical. If the Dow is going up it means people are buying the shares. If people are buying the shares (and they surely can't all be US citizens) they ...

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RC - can you give me any ideas as to why I can't get this squawk site to work? I've signed in and gone to the squawk page where it says 'Welcome to the 'retail squawkbox' which is a 30 second delayed version...................' but there doesn't ...

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Thanks for that. I failed to notice that it was happening. Probably too busy trying to work out why gold wasn't doing what it ought to! I guess this is one of those times when you need RC's squawk thing. I signed up to it but can't get a peep - or a ...

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Yes, very enlightening. The blogs don't seem to be put up with any regularity. Do the members get an email letting them know there's an update. Or is it just a case of dropping back there every couple of days?

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Thanks for the link SR. And yes I like to read John Hardy's commentary too even though it's often a bit on the late side (yesterday it was early afternoon I think). I'll go take a look at Houdini's site.

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So what are you saying? You don't read the news at all? Just listen to the squaw box for the breaking announcements and any unexpected stuff that comes up? If that's the case I'd be pleased to hear it. I hate the vagaries or the funnystuff.

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Hi All Well I've been going over the BRV files again and have taken to heart his recommendations to be aware of what is going on the world around us before embarking upon the trading challenge each day. And before I make my comments on the current ...

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Looks like we shall never know! I think Khalys has left the building. Shame it didn't got down there for him. It would have given him a nice bit of profit.

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The only thing I can see is support way back circa summer 2006.

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NYJetFan -

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Hi SR - yeah true enough. But when you're just beginning it's always nice to get it right in your head I guess - I know that's how I like to do it and I guess that's what Kevin is trying to do.

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In actual fact it is mine that is set up wrongly. If you look at your chart and think about it logically having the 0% at the bottom is correct because, at that point, the market has retraced 0%. And having the 100% line at the top is right too ...

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Just wanted to say that it didn't look to me like you'd drawn the Fibs incorrectly. Post up the way you think you should have done it and I'll take a look.

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Yes you are. Basically the most important point is the highest high or lowest low on the right of the chart. That is the point where all of the Fib studies should start. Where they finish is a matter of personal preference. Obviously they should go ...

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Did you end up taking that trade Libb?

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Hi Kevin I've been using Fibonacci for a while and it looks to me like you've displayed them ok. Personally I don't use the 23.6 retracement but the others are fine. I try to find confluence areas where two different percentage retracements are ...

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So does anyone reckon that the Euro/$ is going to bounce off today's low at about 12580 for a few points upwards?

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Left Trader - Logically I would have said that to have 2 or 3 different currencies all showing either support of resistance at the same time must be good for the outcome of any trade you take with one of them? I'm not sure how this pans out in ...

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