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RT
Arthur Merrill wrote an article approx. 12 yrs ago in which he showed
that the theory that market stops at Fib levels more often than at any other
levels is false.
I myself use Fib no's to decide if the correction is likely to continue (if
less than 38 %),
if it's a possible end of it (50%), or if it is a trend reversal (more than
78 %).
So far in my daytrading, I haven't found a different and reliable
application for Fib no's.
Just my personal experience.
Jan Philipp
----- Original Message -----
From: "ztrader" <ztrader@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 15, 2002 2:50 PM
Subject: Re[2]: [RT] FIBO DISCUSSIONS GOING OFF-LIST
> On Monday, April 15, 2002, 10:36:37 AM, Andrew Nopper wrote:
>
> AN> Obnoxious or not, they still have a finger and can filter out
> AN> whatever they want.
>
> That's what I would have thought too. What was most strange is that,
> instead of just hitting a delete key, they would use their fingers to
> type a rather nasty personal note about a topic that seemed to be
> appropriate. I must admit I was surprised at that behavior. Why would
> they do such a thing? I can't quite understand it.
>
> Anyway, there does seem to be at least some support for keeping it
> on-list. If there is a clear, say, 3-to-1 ratio of those favoring
> keeping it, perhaps it should stay. We're about 1:1 right now.
>
> If it does stay, I can easily ignore the nasty personal emails - it
> just took me by surprise, I guess.
>
> ztrader
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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>
>
>
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