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<SPAN
class=875064216-19042002>Greetings Clyde:
<SPAN
class=875064216-19042002>
After
seeing your gifs, THESE are definitely the ways Minor using the fibs as part of
his trading setups. I also believe that both gifs that you have shown are
VALID. The first one you called 'conventional' is in fact the Alternate
Price Projection from the end of the blue line. The second on is the
Expansion fibs of the blue line. Putting those lines together, you'll
have price stopped dead at the fib clusters of .786 (APP) and 2.00
(Expansion) Regards
<SPAN
class=875064216-19042002>
Have a
good one
Jeff
Harteam
Hong
Konng
<FONT face=Tahoma
size=2>-----Original Message-----From: Clyde Lee
[mailto:clydelee@xxxxxxxxxx]Sent: Friday, April 19, 2002 11:29
PMTo: Realtraders@xxxxxxxxxxxxxxxCc:
MedianLine@xxxxxxxxxxxxxxxSubject: [MedianLine] FIB
Ratios
The Junk.gif is a reposting of the "alternate"
method of computing
Fib lines/points. In this the Red line is
the measured line and the
projections are made from the terminus of the
blue line. In other
words, projections in a certain direction take
their measure from the
most recent leg in that direction.
The Junk1.gif is the "conventional" method of
computing Fib lines/points
and uses the Blue line as the measured and
terminus line from which
Fib points/lines are projected. In other
words, projections in a certain
direction take their measure from the most recent
leg regardless of
direction.
It would seem to me that the more conventional
approach hit the
target IN THIS CASE better than the alternate
approach.
Clyde
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Chairman/CEO (Home of
SwingMachine)SYTECH
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href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
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at:
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