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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Richard Estes who wrote (60)	3/28/1998 12:08:00 AM
From: Tony Peng	Read Replies (1) of 3325

This inquiry is in regards to Fibonacci Retracements/Extensions: I'm curious as to how someone experienced in applying Fib in a trading scenario selects the two points the retracement/extension levels are to be based. Although I'm sure the answer(s) to this question is dependent upon the timeframe in which one is looking, do you all have any idiosyncrasies you are partial to? Is it an arbitrary selection (the most obvious/nearest peak and valley) on the chart? Most grateful for any responses, Tony

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