Fast_Money: FAST MONEY TRADING and FIBONACCI

Friday, June 25, 2010

FAST MONEY TRADING and FIBONACCI

Why markets reverse...blame it on Fibonacci

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There are times when markets reverse for no apparent reason and seem to

defy any news that would support the direction of the trend. We call the
this occasional event the "Fibonacci factor"and this occurs when markets
reach certain retracement levels and often reverse direction from their
previous trend.

http://www.ino.com/info/571/CD3866/&dp=0&l=0&campaignid=3

In this new short video I outline this phenomenon on the S&P500 and will
also be covering it when our new educational trading video debuts this
Friday, which will be of course, "Fibonacci Friday".

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I hope you will learn from my years experience as a professional trader.

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