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Hi Nicholas
Whether the numbers are "Fib", Gann, or whether numbers, they have
importance to me for two basic reasons.
Either a) I use them in my indicators or b) others use them in their
indicators and analysis.
Because traders and investors like "numbers" so much, I personally watch
them to stay out of other traders way. I prefer the business of back-water
trading rather than the volatility and chop of hot money and popular
indicators.
The key question as a businessman is "how are you going to make money with
whatever numbers that you choose"? What's the "edge" that you can grind out
every week. What market inefficiency are you going to exploit?
Best regards
Walter
----- Original Message -----
From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, July 10, 1999 7:50 PM
Subject: Fibonacci spiral numbers
> Ton, Walter, and others,
>
> I have attempted to find a **sequence** of numbers in look-back periods to
> use in examining such things as CCI, etc., instead of only focusing on
> **one** number. Based on recommendations (perhaps from this e-mail list,
or
> over on Silicon Investor), the following is the sequence I have thus far
> adopted:
>
> 5
> 8
> 13
> 21
> 34
> 55
> 89
> 144
>
> Does this particular sequence appear to make logical sense to you, or
would
> you recommend amending it in some way?
>
> So far in my day to day experience with it, things seem okay --- though I
> have not as yet built a trading 'system.' What I'm mostly engaged with at
> this stage is taking the daily 'ocular survey,' and just monitoring one or
> two stocks using the above.
>
> Using a different sequence of numbers may be similar to altering the
> prescription of one's glasses for those ocular surveys, and thus it's
useful
> to have the opinion of a trained 'optometrist.'
>
> Thanks,
> Nicholas
>
>
>
>
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