Buying the Fib

13 Jun 2022

Had to step up at the end and buy some based solely on it's hit on the 50% fib correction. David Halsey wrote a book called Trading the Measured Move. Generally directed for short term traders with short term moves, I'm still applying the concept that stocks will retrace 50% of the move and then rally to the .236 fib. Worth a shot with blood in the street today. No one on the market news has had one positive thing to say, preparing everyone for lots more down to come. Worth a shot for obviously, a long term position.k