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Ernie,
Thanks,fibonacci retracements work when used
properly.Like you said.......I have put it on the line
in real time to prove my
> point. My reasons are
> simple it is a valuable tool that new traders should
> consider adding to
> their arsenal. I did not want to see the newer
> traders discouraged from
> using this tool by those that do not see its value.
>
> Can you program a profitable system using just ratio
> analysis? I doubt it.
> Can you use ratio analysis to assist you in
> extracting profits from the
> markets? Absolutely! I have over the past two weeks.
>
> All price movements in the market are related to
> some previous move in
> price. Very often this relationship is a Fibonacci
> ratio......................................
Len
>
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