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Strategies & Market Trends : Technical Analysis - Beginners
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To: TechTrader42 who wrote (11115)1/30/2001 9:13:53 PM
From: MechanicalMethod  Read Replies (1) of 12039
 
I don't give any weight to fibs but they're handy for guessing parameters others may have used. I section lots of stuff but prefer 3rd's 4'ths 5'th's and 10th's. It's the idea of drawing a line at a percentage point and responding consistently that's important -- and behind the usage of fibs but most will argue that. I prefer nonfibs.
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