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<SPAN
class=687211117-19042002>Apologize for the mixed up. The one you called
'conventional' is in fact the 'Expansion' of the the blue line or wave B in
Elliott's terminology. Regards.
<FONT face=Tahoma
size=2>-----Original Message-----From: Jeffrey Harteam
[mailto:jharteam@xxxxxxxxxxxxxx]Sent: Saturday, April 20, 2002
12:49 AMTo: RealTraders Discussion Group;
MedianLine@xxxxxxxxxxxxxxxSubject: [RT] RE: [MedianLine] FIB
Ratios
<SPAN
class=875064216-19042002>Greetings Clyde:
<SPAN
class=875064216-19042002>
<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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at:
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