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Jan:
Exactly how did Merrill demonstrate that Fibonacci
levels are not effective?
Bill
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jan
Philipp
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, April 15, 2002 7:17
PM
Subject: Re: Re[2]: [RT] FIBO DISCUSSIONS
GOING OFF-LIST
RTArthur Merrill wrote an article approx. 12 yrs ago in
which he showedthat the theory that market stops at Fib levels more often
than at any otherlevels is false.I myself use Fib no's to decide if
the correction is likely to continue (ifless than 38 %),if it's a
possible end of it (50%), or if it is a trend reversal (more than78
%).So far in my daytrading, I haven't found a different and
reliableapplication for Fib no's.Just my personal
experience.Jan Philipp----- Original Message -----From:
"ztrader" <<A
href="mailto:ztrader@xxxxxxxxx";>ztrader@xxxxxxxxx>To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Sent:
Monday, April 15, 2002 2:50 PMSubject: 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>>>>
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