Re: [RT] Why Fibonacci Numbers work and Number crunching doesn't

[Clyde Lee <clydelee@xxxxxxxxxx>]

Don,

I am not arguing that you are wrong in using something that you
believe in.

What I am saying is that you see what you want to see when you
want to see it and ignore all other evidence.

I have taken the SPC over the time period you posted as an attachment
to your following post.

I used an automatic pivot picking based on the behavior of prices over
a 21 bar interval and I believe this duplicates your pivots, if not exactly
then so damn close that if it were a train I would not like to be that close
to it.

Now, given these pivots I have computed ratios of legs back to 1996 and
posted these ratios at the end of each leg  Junk.gif.  More ratios of more
legs were computed and are in a file/picture attached.

I also made a plot of these data sorted by ratio and  Junk0.gif  is a
picture
of the details of these computations and the graph of the ratios so sorted.

I now ask that you examine  A-L-L  of these legs and defend your position
relative to the value and determination of FIB numbers.

The attached file contains the detail of these computations.

Please understand, I'm saying that on a consistent overall basis over even
reasonable size samples the FIB concept of leg price/time length as a
function of the prior leg is not valid.

I think this horse has been ridden as long as it should be.  Those of you
who believe that you have developed a method of using fibs should take
the time to try to provide us with an insight to how/why/when you use
them and what you expect from such use.

If there is some special technique for picking pivots for computations of
Fib points then it would be wonderful if you could define such methods
so that those of us who are doubtful could truly evaluate what you say
you do.

Unless something entirely new comes up on this subject then I am
through with this subject.


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: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 16, 2002 7:35 PM
Subject: Re: [RT] Why Fibonacci Numbers work and Number crunching doesn't


> Clyde,
> It is not a very few examples, as you have "continued to state".
>
> Your posisition seems to be, if you can't "program it", it does not exist?
>
> I say, every day, in every time frame, I use it constantly, almost more
than
> any other tool.  What you call " isolated" occurs all the time, and it is
> "not isolated"?


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