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There are a lot of different ways to do it -- one good source is Miner's
book, though I disagree somewhat with his versions of some things. Sounds
like you may be thinking of what Miner calls alternate price projections (w
c = 1.618 of w a) versus what he calls expansions( w 1-5 = 4.236 of w1).
Waht I did not say in my email was how to use the tool. This is a much
bigger undertaking.
If you like your way better, by all means keep doing it.
Chris
----- Original Message -----
From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
To: "Omegalist" <omega-list@xxxxxxxxxx>
Sent: Saturday, January 06, 2001 2:42 PM
Subject: Re: Fib Extension
> I think you may be using the retracement tool incorrectly
> to calculate Fib extensions/expansions. You need
> to calculate an expansion from 3 points, ABC,
> not just two points.
>
> Forgive me if you are doing this correctly. It's
> frustrating that so many charting packages
> calculate Fib expansions incorrectly.
>
> I trade with Fibs all the time, so believe me,
> there is a right way and a wrong way...
>
> -Neal.
>
>
> At 02:29 PM 1/6/2001 -0500, Chris Cheatham wrote:
>
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