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Anthony:
The spreadsheet can give you a rough idea, but is
really too simplistic for practical application. For example, itonly
looks at .618 and .786, which is "ideal." But Fibonacci pattern typesalso
use .707 and even .500 and even .887. More importantly, however, is the
fact that it shows that AB <> CD. So although nothing pops up in the
spreadsheet and says no-no, this is a violation of a critical Gartley boundary
condition. The spreadsheet also fails to clearly tell the user that XA is
< AD which is also a no-no for a Gartley pattern. Etc.,
etc.
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Anthony Faragasso
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, September 29, 2002 8:27
PM
Subject: Re: [amibroker] Gartley
Butterfly setup in NDX100 NOW!
Bill,Here is the
Spreadsheet.ThanksAnthonywavemechanic wrote:>
Anthony: Pesavento spells out the requirements in his book.
Pivots> per se do not define a Gartley, so I don't know what TASC is
talking> about. If you want to send me the spreadsheet I'll take
a look. The> more important requirements are: AB = CD, AD =
(.618-.786 (.5 used by> some but is a stretch) Fibonacci)*XA, and BC =
(same Fibonacci> range)*AB. The Butterfly has somewhat different
Fibonacci targets and> additional constraints. Attached is a
potential Gartley for SPX. Bill>>
----- Original Message -----> From:
Anthony Faragasso> To: <A
href="">amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, September 29, 2002 6:16 PM>
Subject: Re: [amibroker] Gartley Butterfly setup in
NDX100>
NOW!>
Bill,>> How did you come to that
conclusion, The pivot points are> based
on an> excel spreadsheet that was
supplied by TASC.>> Using the
Trough and Peak as mentioned, then what are
the> Pivot
points> for B,C,D,and Target ( T )
.>>
Thanks>
Anthony>> wavemechanic
wrote:>>
>>
>> >
----- Original Message ----->
> From: Anthony
Faragasso>
> To: <A
href="">amibroker@xxxxxxxxxxxxxxx>
> Sent: Sunday, September 29, 2002 5:37
PM> >
Subject: [amibroker] Gartley Butterfly setup
in> NDX100
NOW!>
>
Hello,>
>> >
It seems there is a Gartley Setup in the
NDX100,> using
the> >
low ( trough)>
> of 8/5/2002 and the High ( Peak) of
8/22/2002 . The>
final> >
leg or>
> Targets are: 934.71 and 960.61. Neither the
Gartley>
or> >
Butterfly Fibonacci requirements are met by the
NDX>
pivots>
> shown. On the other hand, take
a look at SPX. Bill>
Anthony>
>> >
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