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<DIV><FONT color=#000000>I could use some help from those of you using Fibonnaci
ratios to set price projections. I have found 2 different formulas from
Joe DiNapoli and Robert Fischer. They calculate the projections quite
differently.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>If a stock moves in price from point A to point B, and
then retraces back to point C, DiNaploi figures you take (B-A), the length of
the original move, and multiply it by .618 or 1 or 1.618 and add the results to
C.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>Fischer figures you take the length of the retracement, multiply it and add
it to C.</DIV>
<DIV> </DIV>
<DIV>One uses the length of the original move and the other uses the length of
the retracement as the basis. I've seen other formulas as well. All
give such different results. Any thoughts from anyone?</DIV>
<DIV> </DIV>
<DIV>Thanks!</DIV>
<DIV>Linda</DIV>
<DIV><FONT color=#000000><BR>Swope's Mountain Photography<BR><A
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</FONT></DIV>
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</x-html>From ???@??? Tue Mar 16 14:14:20 1999
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Date: Tue, 16 Mar 1999 14:58:30 -0700
Reply-To: brente@xxxxxxxxxxxx
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From: "BrentinUtahsDixie" <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: CHAOS AND TRADING REALITY
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Rt's,
The 97% losses and 3% liars was intended as a joke. I have no actual
figures for this. My point is simply that day trading is very dificult to
do on a consistant basis and there are many out there that wont tell it
like it is.
Brent
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