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Hi Ztrader,
Confluence, that term was defined by Joe DiNapoli, it is a specific
combination of the .382 and .618. Not any other Fib levels (.79 or
whatever).
Clusters may or may not be a combination of any fib levels ( .382 and
.50 for example)... I've not studied how the term "cluster" came about
or how different people use the term differently..
But I use DiNapoli methods, so know what Confluence is... Of course
the world may not comply, may have their own definition of confluence..
Agreement as defined by DiNapoli is where either one of .618 or .382 are
in close proximity to any one of the expansion we use. The expansions
are .618, 1.00, and 1.618
I don't mean to be a pia, but just want to keep definitions accurate... So
when we talk of Confluence or agreement on a chart, traders know where
to look...
-Neal.
At 09:27 AM 4/18/2002 -0700, you wrote:
>On Wednesday, April 17, 2002, 12:33:03 PM, Clyde Lee wrote:
>
>CL> I got to wondering what would happen if we selected a series of
>CL> swings from some significant pivot/turning point and looked at
>CL> what happened to Fib lines from ALL of these at once.
>
>We've talked about confluence - this seems like CONFLUENCE! :-))
>
>Anyone know if this is what Tom Joseph did in GET many years ago with
>his 'fibo clusters'?
>
>ztrader
>
>
>
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