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If I'm not mistaken, there are two belief sets here:
1) Fibs have no statistical relevance to system trading.
2) Fibs are an extremely useful tool in discretionary trading.
While discretionary traders can offer examples, I see no way in which
discretionary can offer "proof" due to the complexities of mechanizing a
process which is not based on absolute, quantifiable criteria.
Earl
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 15, 2002 7:15 PM
Subject: Re: Re[2]: [RT] FIBO DISCUSSIONS GOING OFF-LIST
However, I'm open to what others think but seldom do I see that
there is much analytic support for all the Fib falderal.
Clyde
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