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Let's hear it for RSI, Stochastics, Moving Averages, Williams %R, Commodity
Channels, Bollinger Bands and all that other great stuff which can be stuck
into a formula and plotted automatically on a chart!!! Really, this
Fibonacci stuff is a total PIA - it requires eye/hand co-ordination, brain
waves, and hand work!
Earl
-----Original Message-----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, April 08, 1999 11:49 AM
Subject: fib retracements
>Realtraders:
>
>How could anyone benifit from this approach? It missed the retracement top
>in wheat by 13 hundreds of a penny and if you check out corn, it was way
>off (fib retracement = 233.94 and the market on blew right by it to
>234.25). I don't know about you folks, but I hate all this slippage. I'm
>going back to my Larry Williams books.
>
>Steve Karnish
>CCT
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