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Hi Clyde,
It might help if I explain by phone?
Send me your number is you are in the USA (private email).
I'll be traveling Fri through Monday, so can call you next week.
-Neal.
At 02:54 PM 4/18/2002 -0500, you wrote:
Earl,
There has been a significant number of
statements that you cannot
count of a single Fib projection to carry much
weight but that if you
have multiple projections then this
"confluence" might add strength
to the use of FIBs.
My displays are simply designed to show a
couple of methods of
making multiple projections from multiple legs
of swings.
I am not trying to show anything but whatever
shows up in these
pictures -- is there confluence and does it
really reflect the
anticipated market behavior.
This was a new approach and quite different
from my standard
FIB price and time indicator which uses all
single legs (in a given
direction) and projects CLUSTERS of time and
price points.
The attached .gif show same data using this
later approach. The
histogram along the bottom shows where time
projections were
anticipated and the height of a bar show how
many common
occurrences there were. On the far right
the histogram running
along the vertical axis is a similar approach
but for prices. In
this case projected prices were rounded to two
points before
accumulating a count.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee
Chairman/CEO (Home
of SwingMachine)
SYTECH Corporation
email:
clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105
Office: (713) 783-9540
Houston, TX
77063
Fax: (713) 783-1092
Details
at:
www.theswingmachine.com
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----- Original Message -----
From: Earl Adamy
To:
realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 18, 2002 11:43 AM
Subject: Re: [RT] Fw: FIBO Display--correction
Clyde, a bit hard to figure out what you are showing us with these shots,
particularly with fib numbers so dense. Perhaps you might summarize what you
see in these fibo displays? Would give us a starting point from which we can
do our own evaluation.
Earl
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, April 18, 2002 8:40 AM
Subject: Re: [RT] Fw: FIBO Display--correction
The attached picture shows the use of the "alternate" method of Miners
to calculate FIB points based on same data as original study.
The RED bars are the alternate legs used in the computation.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
----- Original Message -----
From: David Jennings
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 18, 2002 7:04 AM
Subject: Re: [RT] Fw: FIBO Display--correction
Don't know if you possess Miner - Dynamic Trading but section on Alternate
Price Projections covers it page 4-20 et seq.
----- Original Message -----
From: Clyde Lee
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 18, 2002 12:48 PM
Subject: Re: [RT] Fw: FIBO Display--correction
You have to draw a picture for me to understand what you are saying.
I cannot find (in all the literature I have) any instance in which the
use of two legs of a cycle are used for Fib computations.
Open to something new!
Clyde
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