Looks like we're in the same boat -- sort of. I didn't drop the thread from my bookmarks, but I was unsubscribed from the thread for asking too many questions about Perfect Trader Inc. (a stock-picking service that claims to have discovered nearly 50 new Fibonacci numbers and 25 new cardinal numbers that never fail when used in technical analysis of stocks). I seem to have managed to worm my way back in somehow, though.
The new Fibonacci numbers were discovered last week, apparently, in Arizona, by a group of amateur Fibonacci spelunkers. After reading more about it this weekend, I thought there might be some validity to the claims. Perfect Trader Inc. contends that they work with BB stocks, too. That was one of the questions I asked.
Have you ever put cardinal numbers on a chart and looked at support and resistance levels and areas of congestion? It's one of the most amazing things you'll ever see in TA. Prices congest around the cardinal numbers just as much as they do around randomly chosen numbers. Honestly. It's phenomenal. Then you can use Fib numbers in the same chart as decongestants, as statisticians call them. That, too, is revealing -- and on some days, astonishing. Then, if you add Gann squares to the chart, you'll wind up with charts that are downright spooky they're so predictive -- and colorful, too. |
