06 March 2007


As you can see these Fibonacci extensions can be very powerful price magnets and can make excellent targets for position holders in any time frame...new highs in the futures may lift NVDA into the next Fib. extension @ $30.84 but I'll take my almost 30% gain in the calls and call it a day. I've placed some sell orders in the futures at 1754...I rather the market closes in this area and gaps into those levels in the morning but I will stick to my guns and take the trade whenever they offer it. Hope this setup proved helpful and that more than one of you scored a little cash...jfg.

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