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?

hmm set to the record peak of 3688, March low of 2931 right? i never try tho haha

sti really dip down a lot today....nearly -3% already !!

yeah i set as dat
61.8 is at 3223

shifu..... what should we do for the storm? sit tight or just pack up n go home?

gotta monitor. now we do what also will be a gamble. if market happen to make lower lows, then we're seeing the bears come liao. if that's the case then time to load puts le

Shifu is right. Actually, I think the correction today is already lower low. Let's see if the rebound is lower high. If it is lower high, then the trend has changed.

so just hold on to the holdings 1st?

my best counter is csc gana wack till lower than my buy in price liao...... 2 mths gain gone......... plus now portfolio -3k like dat... never do the accounts... too sian liao...

techincally we are still intact. have to see how long we are goin to....

my pine gana wack till 45 cts..... 15 cts losses..

Cool bro, never hold on to a position for too long in a bull market with high voliatity. This is another thing I have been fighting with my broker daily. I do not believe in "long term" in the current market condition. Any counter can give me 10 cents - 20 cents profit, take them first. When they retrace, move in again. What for go thru' the rough ride and then now realize nothing is left. PacHC is one good example. I wanted to chop it off and re-enter but was discouraged or prevented from doing so

i wanted to take profit when hit 42 cts
also gana discourage

minosa bro how to use the fibo? can teach teach?