EWT and Fibs

Much appreciated for explaining Jackozy & Remo, to be honest i have found this a hard one to figure out???
how you do this in the real world was not easy for me & I had a go myself, for the example on GKP, i did it by clicking on the fib extension icon on the weekly chart, then 4.5p & extended this to 202.75 then back down to 87p which gave the result of 161.8% extension 410ish, see my chart a did
picasaweb.google.com/1134289376813146303.../5803993404750169970

I think maybe a short video would help everyone, i'd have a go myself, but don't know how to do one & would need a step by step video to know how to do this too!!
did get there in the end, anyone else have a go at fib Extensions?? Question is, is the target you get by

doing fib extensions anything like a Point & figure target????

oh..My chart got in the way of my question i have,
Question is, is the target you get by doing a fib extensions anything like a Point & figure target????

MRA4

simple answer to your question is..
Nothing like it.

If you look on the learning tab under Type of charts then point and figure charts
I actually attempt to explain how to do point and figure targets.
hope that helps.
with regards to the fib extensions. Theres different ways to do this. using elliots or conventional???
Conventional is done by taking a low to a high then projecting the fib from the pull back.

Ill do a quick video for you latter on GKP.
remo

[][/video]

Your Video is brilliant & explains everything so clearly, Thanks! With your examples & jogozy’s, myself & others on chartsview can clearly see the importance of using Fib Extensions, I can now apply this method to help understand things more clearly, along with other technical methods this will be useful.

Jackozy not jogozy, sorry finger trouble!!