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I followed this discussion in part and found that it is really going
nowhere. A fib retracement is completely discretional and therefore the
programming is also discretional. Any fib retracement is based upon a
cycle or half cycle. The party trading has to decide what cycle he/she
is going to trade before he/she can think of a fib retracement. No
matter what system you use you need a high and a low. Their selection
is totally discretionary. Just my thoughts. Ira.
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