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Z,
Are you missing part of the test or result? Let's say that Fib. generates
a significant result only 38% of the time, but when that occurs it gives a
huge result. So, the point is you can't just look at the batting average.
One must also consider the magnitude of the result. Right? Back in my
native state of Indiana, they call this
"sutistics". <G>
Cheers,
Norman
----- Original Message -----
From: "ztrader" <ztrader@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 10, 2002 8:29 AM
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
>
>
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>
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