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> -----Original Message-----
> From: ztrader [mailto:ztrader@xxxxxxxxx]
> Sent: Wednesday, April 10, 2002 5:30 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Fibo predictions
>
>
> On Wednesday, April 10, 2002, 4:46:58 AM, Jim White wrote:
>
> JW> the ground rules for the test,
>
> As a start, draw Fib lines on price charts. Draw random lines on the
> same charts. Do the Fib lines have a higher probability of predicting
> turning points than do random lines?
>
> ztrader
I ran a study once, which plotted swings based on a %-filter on the NDX, at
vrious percent filters (ie, 5%, 10%, 20%), and looked at the percentage
retracement, expressed as a fraction/ratio, and saw no particular clustering
around fib. numbers, fwiw.
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