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----- Original Message -----
<DIV
>From:
Anthony Faragasso
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, September 29, 2002 10:49
PM
Subject: Re: [amibroker] Gartley
Butterfly setup in NDX100 NOW!
Thanks Bill.Do you have a program that has these patterns
programed in. Or is thisdone Visually.
Visually. Really quite
easy with a good charting program and a "sensitized"
eyeball.Anthonywavemechanic
wrote:> Anthony: I had looked at Butterfly and rejected it as
well. I allow> 2% slop, although there are advisors that allow up
to 5%, and the> current pattern is in the 3-3.4% range. The
reason that> Gartley/Butterfly patterns are of interest is that the
reversal> statistics are outstanding. But these statistics drop
off in an> undocumented way as one leaves the "ideal" setup. For
my trading> universe, I have learned that 2% seems to be OK and beyond
that I move> on, or wait for the pattern to complete, if there are
indications of> that happening. That's my take, others may play
it differently. Bill>> -----
Original Message -----> From: Anthony
Faragasso> To: <A
href="">amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, September 29, 2002 9:58 PM>
Subject: Re: [amibroker] Gartley Butterfly setup in
NDX100>
NOW!>
Bill,>> I may have mis-represented
the pattern by calling it a> Gartley
, After> doing a Google searchin
order to verify my spreadsheet ,> This is
indeed> called a " Bullish Butterfly
pattern" .>> The bullish butterfly
is similar to the Gartley. However,>
although the> same ratios are used as the
Gartley setup -- 61.8, 78.6,> 1.27, and
1.618> -- they occur at different parts
of the pattern. This> results in a
point> D that is lower than point
X,... But I should note that> this
is an> ideal pattern; not all ratioswill
match the ideal in the> real
world,> even though the pattern is a
legitimate butterfly.>> <A
href="">http://www.working-money.com/Documentation/FEEDbk_>
ocs/Archive/042001/Abstracts_new/Teseo/Teseo.html>>
Anthony>> wavemechanic
wrote:>> > Anthony: The
spreadsheet can give you a rough idea, but
is> really
too> > simplistic for practical
application. For example, it> only
looks at> > .618 and .786, which is
"ideal." But Fibonacci pattern>
types also 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>
>> >
----- Original Message ----->
> From: Anthony
Faragasso>
> To: <A
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.>
>> >
Thanks>
>
Anthony>
>> >
wavemechanic 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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