Harmonic Trading with The Phoenix Message Board

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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: Dan Duchardt who wrote (844)	7/7/2003 9:13:22 PM
From: Lazarus_Long	of 941

I'm a long way from being convinced that the market turns at or near these numbers because of some fundamental law of nature as opposed to the expectations of the large number of people who follow them. How about chance? Message 19087892 If enough ratios are allowed, any maximum or minimum is bound to be close to one. And some slop is always allowed- -it is not expected that a maximum or minimum will occur precisely at one of the "Fibonacci ratios".

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