anyone know how to use this indicator? i trying to figure it out.... say the dow jone news

DJ MARKET TALK: CORRECT: STI Off 2.9%; 3400 Support; N/T Downside



0448 GMT [Dow Jones] CORRECTION: STI slides back below 3500 for second time this week amid region-wide selldown, ending midday 2.9% lower at 3446.52 with most components down, several unchanged. Support at 3400 (61.8% Fibonacci retracement between record peak of 3688, March low of 2931). "The trigger is the American home mortgage situation," says trader at local brokerage; "the Dow Jones Industrial is currently supported at 13,200. This support will probably be broken tonight after being tested four times. Based on that, there's more downside on the horizon for the Singapore market." Overall market volume moderate, with about 10 decliners for every gainer. (An item at 0435 GMT misstated the percentage change in the STI and the index support in the headline.) (FKH)


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but i don know how to use the Fibonacci retracement.. isn't it set to the lowest n the highest? i set to the last time feb low n now of the high. i cant get the 3400 of 61.8%

furthermore there's signal to say when to enter n exit also.... but don know how to see... can anyone advise?