V.16:10 (460-464): Long-Term Fibonacci Support and Resistance by Kevin W. Murphy

V.16:10 (460-464): Long-Term Fibonacci Support and Resistance by Kevin W. Murphy
Item# \V16\C10\075LONG.PDF
Availability: In Stock

Product Description

Here's a historical review of the major swings in the stock market and the Fibonacci relationships.

According to long-term Fibonacci› support and resistance levels in the Dow Jones Industrial Average (DJIA), we are approaching a notable resistance level in the stock market. Many books have been written on the Fibonacci sequence and its many mathematical relationships; this article will not delve into those in any great detail. For those who are unfamiliar with the Fibonacci sequence, however, I will briefly discuss its basis and a few of its mathematical relationships and how they are relevant to investors. Leonardo of Pisa, a 13th-century mathematician, illustrated what would later be known as the Fibonacci sequence in his work Liber Abacci, although its mathematical relation-ships were not detailed until much later. The Fibonacci sequence is an additive sequence in which each number is the sum of the two numbers preceding it. Beginning the sequence with 1, it progresses thus: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597...on to infinity.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order