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| 56mimosa Member |
Posted: 15-Jun-2007 19:10 |
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Hi ihatcoy, Can you teach me how to apply Fibo to the chart? How do you pick the start ( 0%) ? Thanks!! |
Mimosa,
Any indicator using alone is risky. Just like a glass of water, if it looks clear, it doesn't mean it is safe to drink.Using fibonacci alone is quite risky. The more indicators, TA knowledge etc. to complement the better.
To answer your Q purely on Fibonacci section, i skip on TA indicators aside as to why i buy in on Fibo 61.8%
To apply pure Fibo, I need 2 info:
Recent high H=0.59, Recent low(30/05);L=0.46
Delta, H-L=0.59-0.46=0.13.
Apply 61.8% retracement=0.618*0.13 + L= ~0.54
But do note that, i do not buy purely just on Fibonacci retracement.
Why 36.8%,50%,61.8%. It is mother nature secret.
You can read up more on investopedia.com. Hope it helps.
Apologies for the waste of bandwidth in this thread.
For those that are wondering what are Taisin into:
| Philipchoo Member |
Posted: 05-May-2007 12:10 |
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I agree with Livermore. Tai Sin Electric Cables A LEADING electric cable producer in Singapore: Tai Sin was incorporated in 1980, with its main business the manufacture of electric wires and cables used purely to transmit low-voltage electricity. It is the second largest producer (30 per cent local market share) of electric cables in Singapore. Demand growth likely to be well ahead of supply potential: We believe demand for electric cables in Singapore alone should continue to outstrip local supply. Contractors can import cables but usually at a higher shipping component cost with a longer delivery time line. Thus local producers will usually be the first stop of choice. We estimate that local producers supplied a total of $340 million worth of cables in FY06. We anticipate $15 billion worth of construction contracts to be awarded in FY07-08, leading to cabling and wiring contracts worth $750 million to $1.2 billion. Maintaining spare capacity to take advantage of lucrative contracts: Tai Sin currently runs its Singapore factory at only 85 per cent utilisation (600mt/mth), and its Malaysia plant at a mere 65 per cent (290mt/mth). This is a deliberate strategy by management. Given the impending surge in demand (with the IR being a wild card as there is no legacy model in Singapore to estimate how much wiring will be needed), this spare capacity is needed to take advantage of urgent incremental demand. |