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On Wednesday, April 10, 2002, 6:08:04 AM, Don Ewers wrote:
DE> One problem I see in any analysis would be that for many the use of fibs is
DE> centered more around ranges than an exact number where something would turn.
True, but be careful. If you predict many points, each with a liberal
range, it will almost certainly look good because the 'predictions'
cover almost the entire range of possibilities. :-)
Allow a range around each point, but compare with random using the
same range.
DE> Here are the "statistical" numbers I was once given by AGET for
DE> example.
This sounds more like boundaries on a way to draw Ewaves, rather than
the stats of retracements. It would be better not to tie this to a
more complex subjective technique - just selecting pivots introduces
enough ambiguity. :-)
DE> Whether one uses EW pattern to determine what a move "might be doing" or not
DE> the "ranges" can be helpful and tell one when something is going wrong.
Or, you might just redraw the EW again? :-) It would also be
interesting to see the stats on how often EW's need to be redrawn in
real time, but that is another issue...
ztrader
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