This is a summary of the most commonly used Fibonacci values I use in my analysis
and price projections. There are others that can be added, but I don't find
them useful, and want to keep this simple and practical.
A little about myself. My name is John Trapp and I write for the "Value of
Perfect Information" exclusively. Trading didn't look too difficult to me 22
years ago, so I began trading October 1987. After that experience and a break
from trading, I tried again. This time I was going to be a Bear. Perfect for
the 90's. So I didn't have a great start as a trader. I paid a lot for my trading
education. I was thrilled when I could finally break even on a regular basis.
Trading is an avocation for me - one that I take seriously, and one that I
consider the most difficult endeavor I have ever undertaken. I have a lot going
against me as a trader. I was a Marine officer in Vietnam and fought in the
Ashau with a Battalion called "The Walking Dead" ~ and so, like most combat
Marines, I'm too aggressive. I'm a Doctor (one of the Dental specialties) ~
and everyone knows they are the worse investors/businessmen. I am a perfectionist
and hate to be wrong ~ so I have a tendency to want to fight the market. Overcoming
these liabilities makes the prize more rewarding. I'm still a work in progress,
but am making headway. I think I have a lot of good advice for new traders.
If I would follow my own advice more consistently, I would be a far better
trader also. This is the article and charts my premium subscribers received
this weekend.
Value of Perfect Information: Combined, the authors are providing you
the investor with various and differing stock market commentary, fundamental
and technical analyses on the financial markets that you can utilize to get
as close to the "Value of Perfect Information" as if you had tomorrow's financial
paper in front of you today. Perfect information would practically mean that
all investors know all things, about all stocks, at all times, and therefore
always make the best decision regarding investments; in a small way, the authors
are attempting to provide you with this "Value of Perfect Information". Enjoy!