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Strategies & Market Trends : Galapagos Islands
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To: John Pitera who wrote (57071)3/14/2009 8:33:37 AM
From: Patrick Slevin  Read Replies (1) of 57110
 
It's Saturday and all of the screens are down, I really don't want to put them back up again. I need a day off.

I stopped using Fib as well as Gann over 6 months ago. I do look at them from time to time because it's nice to see prices bouncing off these areas but I don't really believe in them all that much. I think it's just a Pavlovian Trader Response.

For the most part a lot of these Price Levels are subjective. You can take ten traders using E-Wave and get 4 different reads. One of them is probably going to be right.
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