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I have found the book "The psychology of technical analysis" by Anthony
Plummer to be an excellent reference. It provides a good overview of mass
psychology, fibo numbers and tries to make a theoretical tie between fibo #s
and mass psychology. It also offers some specific trading methodologies
based on Fibo #s.
Dan
>From: "Peter Gialames" <investor@xxxxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: RE: Profit Stops
>Date: Thu, 15 Mar 2001 17:52:32 -0500
>
>Do you have any good resouces on learning these Fib techniques? I have
>always been intrigued by them, but never learned how to use them.
>
>Peter Gialames
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Neal Hughes
>Sent: Thursday, March 15, 2001 4:22 PM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: Profit Stops
>
>
>
>Fibonacci techniques are excellent for this.
>
>The idea is to calculate a profit objective so
>you exit before a pullback..
>
>-Neal.
>
>
>At 03:08 PM 3/15/2001 -0500, you wrote:
> >I wonder if people could comment on profit stops. It seems that I buy
> >stocks, the price increases, and then they fall down and I lose most of
>my
> >profits. Is it best to stick with a trailing stop or should a certain
>profit
> >% be used to take profits? What profit stop should be used?
> >
> >neo
>
>
>
>
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