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On Monday, April 15, 2002, 6:28:47 PM, Andrew Nopper wrote:
>>Are you saying that (1) the fib increases the probability by being
>>coincident with the other indicator, but is not enough by itself, or
>>(2) the presence of the other indicator makes the fib significantly
>>more reliable [the fib works better than usual when the other
>>indicator is doing something]?
AN> (1) is certainly true for me. The Fib retracement by itself is of
AN> no value in my opinion,
Thanks for that viewpoint. I seem to detect a growing consensus that
individual fibs are not that good [have low probability]. If so, this
is consistent with the simple analyses that come to the same
conclusion.
AN> Did that make sense? :)
I think so, but it is often hard make sure that two people are really
saying the same thing if it is worded in different conceptual
language.
I appreciate your willingness to enter into the discussion.
ztrader
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