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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 7 4:00 PM EST

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To: HairBall who wrote (50129)	5/10/2000 1:37:00 PM
From: Death Sphincter	Read Replies (3) of 99985

83.3 is not a Fib.....Fibs are derived by adding the previous number of the sequence to the existing number.... they are a factor of 1.618 of the previous number. Fib # .146 x 1.618 = .236 .236 + .146 = .382 (.236 x 1.618= .382) .382 + .236 = .618 (.382 x 1.618 = .618) .618 + .382 = 1 (.618 x 1.618 = 1) 1 + .618 = 1.618 (1 x 1.618 = 1.618) 1.618 + 1 = 2.618 (1.618 x 1.618 = 2.618) and so on whole numbers 1,2,3,5,8,13,21,34 and so on 13 x 1.618=21.....21x 1.618=34....34x1.618=55 and so on .50 and other retrace levels are valid market retraces but are not Fibs.......and there is a dead Italian rolling in his grave full of rabbits when they are called Fibs and if John Murprhy wants to call .50 a Fib....then he is telling a fib do I smell bad? DS

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