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Yorker, this is exactly what I wanted to respond to
Harley Meyer's prior posts (and others too).. Why
does it still work if so many people use it?
There are several ways of applying Fibs, such
as Fans, Arcs, time scale, price scale etc..
Many people who do know what fibs are use only the
very basic (as is available in charting packages)
techniques... This might explain why the techniques
still work?
The interesting thing I've noticed here is that most
people do agree that Fibs work. But I find that many
people know so little about it, this is strange..
-Neal.
At 09:27 AM 12/16/97 -0500, yorker@xxxxxxx wrote:
>
>Re: Fib. Numbers
>
>The thought occured to me that when "everyone" starts to use a "system" --
>that system ceases to be effective. At least I believe that is the general
>consensus of opinion.
>
>It also appears to me that the use of these numbers are used by large and
>small investors and traders alike which should reder them ineffective.
>However, it also appears that these numbers are effective.
>
>So can anyone explain the above dilemma?
>
>Kind regards,
>
>Yorker
>
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