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Earl:
The difficulty in programming Fibonacci S/R is
demonstrated by the many attempts to automate the analysis of Fibonacci patterns
(e.g., Gartley, Butterfly, etc.).
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:
Earl Adamy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, April 15, 2002 10:29
PM
Subject: Re: Re[2]: [RT] FIBO DISCUSSIONS
GOING OFF-LIST
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 whichdiscretionary can offer
"proof" due to the complexities of mechanizing aprocess which is not based
on absolute, quantifiable criteria.Earl----- Original Message
-----From: "Clyde Lee" <<A
href="mailto:clydelee@xxxxxxxxxx";>clydelee@xxxxxxxxxx>To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Sent:
Monday, April 15, 2002 7:15 PMSubject: Re: Re[2]: [RT] FIBO DISCUSSIONS
GOING OFF-LISTHowever, I'm open to what others think but seldom do
I see thatthere is much analytic support for all the Fib
falderal.Clyde------------------------ Yahoo! Groups
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