I used to but I don't follow Fib's nearly as much as I used to. Yes, I think they still have merit but remember that trading is not a prediction game, rather it is your reaction what the chart is telling you that makes the difference. To that end I've been simplifying how I approach the chart. Fewer indicators, fewer tools, all this helps to keep a clear head when I've got to make a decision about something. No doubt you've heard of "analysis paralysis"? Well, that comes from over complicating your trading. Fib's are good. Forks are good (if you go that way). Moving Average lines are good. RSI, MACD, DMI, MOM all have their place, but don't get so many working that you get conflicting signals...because you will.

In relation to your question, the CD is still in a downtrend, albeit hovering near important support, so for the immediate future I'll still have a selling bias, 50% Fib level notwithstanding.

Erich