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Perhaps if the fibo fans started posting examples
of their use of fib retracements and fib extensions, the coders/testors might
come up with something. For example, today the ES hit its
H+0.382*yesterday's range and is looking at it as though it were
resistance. I put a vote on 0.333, 0.5, 0.666 and +,- 0.382 extensions as
the most likely levels for prics to retrace to and to find S/R at.
bobr
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
wavemechanic
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, April 15, 2002 7:36
PM
Subject: Re: Re[2]: [RT] FIBO DISCUSSIONS
GOING OFF-LIST
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
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----- 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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