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02/03/2007 Archived Entry: "Critical Fibonacci Support."

Eben wrote:
> Hi Neal,
>
> Greetings from a very hot Cape Town.
>
> I have two questions for you:
>
> Question 1:
>
> I bought "Trading with DiNapoli Levels" in 1998. Although I found his book
> not all that easy to comprehend, I managed to grasp the basics. I like
> your presentation on your website very much and would like to do your
> courses. What courses should I do?
>
> Question 2:
>
> By saying that "1.9500 is a critical support level" for the Cable, do you
> mean that the price should retrace to that level first before it would
> presumably head upwards from there? The price at the moment is close to the
> 1.9500 level.
>
> Best Regards
>
> Eben

Hello Eben,

If you want to reinforce your knowledge of the basics and also go beyond that, you should gt all 5 of my seminars (there is a discount for the package).

If you are confident of what you learned in Joe's book, then just the remaining three will be what you need (don't buy the Intro and advanced, get the remaining three).

That critical support would need to hold for the bulls to have a trade (in the near-term). If that breaks, the long trade loses attraction.

-Neal.