John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jack of All Trades who wrote (651)	4/1/2000 11:14:00 AM
From: Chip McVickar	Read Replies (1) of 33421

Jeff, Your pivot as mentioned here turned the market...Not Bad..! Did you pick the 11:00 also...? What are you using on the 55 to buy and 89/144 to sell? I experimented for a time with those fib numbers on chart times, but could not find any significant advantage to using them. The es00m chart at 55min shows a spike=>inside bar=>reversal up for the Mar 30th bottom. On the 60min chart you see a clear 2 bar price reversal and then the reversal up continuation. Has your work determined there is a significant edge to be gained by using fibs...? Chip

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