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There has been much discussion about the merits and
demerits of
Fib ratios in anticipating where next
pivot/turningpoint will occur.
Attached is a .gif taken from a plot
made in an Excel spreadsheet
from the data attached in the .csv
file.
This covers all swings that were detected by a
13bar detection scheme
from 1930 until the present time.
If anyone on any one of these lists that this is
sent to can see any
"CLUSTERING" around fib numbers then you have a lot
better
eyes than I have. That is possible since I've
been around for almost
71 years now.
I am not saying that there are not persons who
imagine that some
relationship between swings exists that is tied to
Fib numbers
can't use such imagination in bettering their
trading but I am saying
that there does not appear to be one iota of
indication that the
concept of Fib ratios applies to market
swings.
Take the data and make a liar out of me ! !
!
Now if someone wants to take a look at the
relationship of Pattern ID
numbers and swing ratios then there might be some
surprises.
Clyde
- - - - - - - - - - - - - - - - - - - - - - -
- - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - -
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Attachment:
Description: "PTRN_SP_13_020411.csv"
Attachment:
Description: "junk.gif"
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