|
PureBytes Links
Trading Reference Links
|
let me see if can help ALL in this debate re fib predictions of turning
points
I am currently BULLISH
I have attached a fib harmonics which is NOT updated to current prices
once the fibo experts update this you will CLEARLY see how it DOES
predict the price for a turning points
my current first objective is 1124 for sp and in a week or so 1140.91
nice week end
Ben
----- Original Message -----
From: "Infernal Elk" <infernalelk@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, April 14, 2002 12:23 PM
Subject: Re: [RT] $1000.00 CHALLANGE
>
> >> 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
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Stock for $4
and no minimums.
FREE Money 2002.
http://us.click.yahoo.com/orkH0C/n97DAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: "Fib Harmonics..xls"
|