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On Wednesday, April 10, 2002, 6:07:05 PM, BobR wrote:
B> To prove this can be done with a price distribution tool
I like the idea of the distribution approach. But isn't this for the
whole day? If so, then it might not be a good measure of the levels
because they vary so much during the day. Can you take snapshots at
more frequent intervals where the levels do not vary? This might give
us a better picture of the distribution at these levels.
B> Fibo types like to use 0.382 and 0.5 and 0.618, but personally I
B> see the 0.333 and 0.666 dynamic levels are hit more often during
B> each day.
Interesting. Should I interpret this as a 'no' vote for the occurrence
of Fibs? :-)
ztrader
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