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>> It is interesting that those that have responded have questioned the
>> details of my challenge and reasons why no one would respond. But no
>> one has said, I can do that but $1000 is not enough or I will do it
>> but 100 observations are too many. Perhaps the best reason no one will
>> accept is their desire to remain annonamous however I believe I could
>> offer $10,000 or $100000. and their would be no takers because IT IS
>> NOT POSSIBLE!
it is possible to issue all manner of "challenges" and there be no
takers; but the lack of takers proves nothing. zero.
i keep with me a bag of Tiger Dust, which i sprinkle about me every
other block as i go about my rounds in new york city. & it works!
i've never met any tigers on the street in nyc, EVER.
>> This group has spent considerable band width debating the
>> usefullness of Fib . projections as a price prediction tool. yet
>> no one has offered a prediction based on Fib. levels. So let's
>> forgot the challange and ask if someone has a price prediction
>> technique that meets my accuracy requirements (within +/- 25% of
>> average daily range) post three predictions to prove the
>> possibility of price prediction. Don't be surprised, guys, if
>> there are still no takers.
why should anyone care about YOUR accuracy requirements?
personally i find fib #s interesting and useful in helping me
determine points where turns MIGHT happen, & where i want to be
especially careful in establishing or closing positions. do i find
them "predictive"? well, i don't know about that, because my view is
that the market will do whatever it wants regardless of my view or
position. i do find myself surprised that market turns appear to
occur frequently at fibonacci levels.
it would probably be much more useful to talk about money-management
discipline and risk assessment methods than argue about the utility of
"predictive" techniques. in my view, techniques such as EW or
fibonacci or Reversal Days or Median Lines help a trader form a
framework around which prospective decisions can be formed, no more,
no less. the actual decisions must be modified & executed in
conformance to actual market action.
- *lk
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