Time cycles reflect the underlying order in the markets. A knowledge of cycles allows us to forecast future tops and bottoms, and to make price forecasts for future tops and bottoms, as well as time forecasts. Fibonacci retracements are especially potent when combined with the timing of cycles. Cycles frequently make a bottom within the 38% - 62% retracement range of moves from high to low. By combining the Fibonacci price relationship with the timing of cycles, the significant price levels of bottoms and tops can be anticipated, keeping you out of a market until a minimum retracement has been made, and giving you the confidence to enter markets when maximum retracements are made.

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To Begin
To begin, click on the Lesson link that appears below. If you want to bypass the lesson and go directly to the markets, click on the appropriate link. Please note that the market analysis was done on 3/19/99 and reflected Walter's opinion at that time. The purpose of including the market analysis with the lesson is to show how Walter combines technical and cyclical analysis with the indicators to trade and forecast the markets.


Lesson: Fibonnaci Retracements



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