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Clyde:
.786 APP and 2.000 Expansion are quite close and would
constitute a cluster, for those that like confluence of Fibonacci levels.
Do you by chance also get something close by looking at a simple retracement of
the blue leg?
Bill
<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
Cc: <A title=MedianLine@xxxxxxxxxxxxxxx
href="mailto:MedianLine@xxxxxxxxxxxxxxx";>MedianLine@xxxxxxxxxxxxxxx
Sent: Friday, April 19, 2002 11:29
AM
Subject: [RT] 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
- - - - - - - - - - - - - - - - - - - - - -
- - - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
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at:
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