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At 03:13 PM 4/13/2002 -0500, you wrote:
What
does it take to prove that Fib numbers have no validity in
estimating where prices might
make a turn.
I have posted several charts
which clearly prove this is the
case and yet we continue to hear
BS about Fib numbers.
Hi Clyde,
This is an enjoyable conversation. thanks for making it flow!
Please carefully read your last sentence above.
"yet we continue to hear
BS about Fib numbers"
You clearly think Fib is "BS".
It seems your mind is firmly shut. I am not motivated to open
a well-shut mind.
If your mind is made up, then attempts to study fibs will lead
you to prove exactly what you believe. This explains why you
are testing Fibs in a way that does not reflect how fibs are best
used in the markets. It takes an open mind to study a concept that
you have not accepted.
That's just how the mind works. It's magical that way.
I really respect your perspective and have no wish that
you change it. Your perspective is a good one for you.
It is good for me to have the majority of traders disagree
with me.
Fibonacci is a key component of my trading and it helps me
predict probable turning points frequently and accurately. It
is to my benefit if others can't do it well. Fibonacci is a proven
concept
for me and many traders. We can only smile at people who take
the other side of our trades, and cheer them on.
As long as we are both successful at trading, what could be
better?
Best wishes,
-Neal.
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