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MVIS 0.788

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3:59 PM EST

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To: ontrack7 who wrote (7080)	11/11/2001 2:21:49 PM
From: Chip McVickar	Read Replies (3) of 8150

how did u come up with 10,441? Futures Mag has an article in Oct 2001 by Rudy Teseo on the application of fibs to Elliot structures. In it he presented a excel SS to calculate the fibs. Downlaodable at: futuresmag.com This ss can be adapted for up markets as well. In it he uses 0.382--0.500--0.618--1.000--1.618--2.618 Using 10/17 as wave 1 and 11/1 as wave 2.... Wave 3 is projected as this: 1.000=10441.45 on 12/13 1.618=11323.33 sometime after 1.000 or by 1/8/02 Many Thanks for sharing these insights, I will put them to work and see what they do. Been reading Constance Brown and Robert Fischer on the subject. I've used 1.618 for time projections off high to high, low to low and high to low, low to high for some time...! [on any period chart] Also used it on price projections as well. Again Thank You, Chip

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