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Bowl Leader
I am not familiar with Larry's zones. I use the Fibs to identify turning points in the market and where I can get a free trade with as little risk and greatest reward possible. I simply sell and take 10-20 tick risk. Then when I get to +30 ticks, I move it to break even and try to ride it. Not always successful, but it limits losses and and ride gains. People who dis technicals have no idea what they are doing. If fundamentals ruled, this market would be down 40-50%. Eventually, we will get there.