The Fibonacci Review 20091106

This week we look at the chart for The Dow Jones Index as our example of using the Fibonacci series.

Before we start our review, lets just do a very basic recap on the Fibonacci numbers: The numbers are created by the addition of the two previous numbers as follows:

0,1,1,2,3,5,8,13,21,34,55,89,144,233,377 and so on. The relationship of any number and the previous number is 61.8%, any number and the two numbers previous it is 38.2% and so onThe relationship of a number and the next number forward is 161.8%, two numbers forward is 261.8% and so on...
source: tradingwithgods.com

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