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Ralph,
Yes it does. It tells me that Larry Williams is using retracements to
construct his pivot points/ support & resistance formulas.
Thank you,
Harley
Ralph Volpe wrote:
> Harley Meyer wrote:
> >
> > Can anyone tell me something about the following numbers in terms of
>
> > retracements: 1/3, 2/3, 4/3, -1/3, -2/3.
> >
> Harley,
> Those fractions approximate fib. retracement numbers, such as .382,
> .618, 1.382, etc. Also, there is a connection to Gann since he was a
> numerologist and saw everything related to some fraction of a circle
> of
> life, being 360 degrees.
> Hope this helps a little.
> --
> Ralph Volpe
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