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Strategies & Market Trends : Technical Analysis - Beginners
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To: bdog who wrote (11107)1/30/2001 8:23:42 PM
From: TechTrader42   of 12039
 
Yes, I had my eye on the scale at the side, too. We need clues. One question is whether Chris faithfully followed all the fanciful notions about Fib numbers and filled his formula with them. "Man subconsciously seeks the Divine Proportion; it satisfies his comfort level," Robert Fischer writes in that absorbing study of his ("Fibonacci Applications for Superstitious Traders," or something like that), in which he "unveils the secret of the logarithmic spiral." I've known people who swear by Fib numbers, who change every 35 to a 34, every 10 to an 8, etc., in hopes of being in harmony with the universe when trading. But hey, you've got to have an edge. Some get it with the "Ratio of the Whirling Squares." (That's really another name for the Golden Mean.)
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