Ask DrBob Message Board - Msg: 14280989

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Strategies & Market Trends : Ask DrBob

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To: pooh101 who wrote (1828)	8/26/2000 10:45:22 PM
From: Drbob512	Read Replies (3) of 100058

pooh: Fibonacci was a great mathematician, so I would not discount his findings. I have used some of his theories, particularly the .618 retracements, to see if it matches up with support/resistance levels as well. I calculated .618 retracement to take us to 4301 but we only got to 4289, and some calculated the fibo's differently. I use intraday numbers. As with any projection, it has to be used in conjunction with many other indicators. Fibonacci's theoretically are forward-looking. What do you think of them? Good wishes, Dr.Bob

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