Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: the-phoenix who wrote (513)	4/18/2003 9:11:24 PM
From: John Madarasz	Read Replies (1) of 941

thxs, here's what i was looking at... boomspeed.com Gartley222?...My H.M. Gartley book is over at the office, so I can't look it up right now a "Gartley 222." This pattern is based on certain Fibonacci relationships among the most recent swings from a pivot high or low. This technique was described in a book published in 1937 called “Profits in the Stock Market” by H.M. Gartley. This particular geometric pattern was described on page 222 of the book, hence the name. The '222' is reputed to have a 70% or better accuracy rate. You should be very interested in a Bullish Reversal Bar that may occur in or near the yellow box. The minimum price objective following a reversal would be 62% retracement of the travel of the prior down swing although price could go much higher.

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