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JER3CUBE@xxxxxxx wrote:
>
> Hi Walt....
>
...what is the average time duration between
> the swing points ...Hitting the hi and then hitting the low.....or
> approaching before a reversal is made??????
>
> How many bars does it take?
>
> Stated another way....in 20 trading days....how many reversals
> are we likely to see....on average?
Gerry,
Over a 20 day range? 2
If you cut it to 10 days, you might see 3.
These are almost always pretty major reversals.
To make the fibbergannies happy, think of it as ONE fib or gann
point, with a real attitude. :)
I am going to get a bunch of charts posted this weekend, so people can
start to noodle around with it a bit.:)
I know it will help a lot if everyone can eye it on a chart, and get
a better idea of how it works.
Thanks!
Walt
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