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Don, it would be interesting to apply fibs to carts from
long ago.. I might pull out Edwards & Magee's book with
those charts..
That would help decide if fibs work because people are using
them or if people are using them because they work..
-Neal.
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Join us for a Fibonacci on-line trading forum tomorrow (Wed) at
http://www.halcyon.com/tcorner/stock/jdp.html
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>The only thing that hasn't been brought up is that before there were
>fibinaccii trading systems..and technical analysis practiced in a mass
>cultural way. I believe that I would be correct in stateing that
>historically the "market" held to these relationships. I think that was
>the point of Prector's book in validating them was that these
>relationships were found at critical juctures of the markets.
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>Don
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