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Looks to me like you've got a fib tool that
projects probability of target zones. The denser the zone the higher the
probability of price entering and finding support or resistance for longer than
it takes to pass straight through.
thanks,
bobr
<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:
Clyde Lee
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 17, 2002 12:33
PM
Subject: [RT] FIBO display -- any value ?
? ? ?
There have been many ideas advanced about how Fib
values are used.
I got to wondering what would happen if we
selected a series of swings
from some significant pivot/turning point and
looked at what happened
to Fib lines from ALL of these at
once.
See the attached AND PLEASE COMMENT
!!!!!
Remember, all of these lines could have been
drawn on 9/17/2001
if you had believed that was a significant
low. Maybe we would have
waited to 10/12 or so but that is still a long
way back.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
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