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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4058)	1/11/2000 2:47:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 11513

John, Your chart is intriguing! Widow's on Wallstreet has what they call Fib Time Zones: 5-8-13-21-34-55-89-144 When placed on significant lows or highs they anticipate potential pivot points. When the FTZ was placed on 10/18/99 low...the 34th day was 12/6 and the 55th day was 1/5/2000. It seems more important when placed off various Highs and/or Lows they cluster together on one day. I don't believe this is cycle work, but more akin to Time Projections of the pichfork. The software also contains Fib Arcs and Fib Fans which are used the same as spirals and speed lines. All four of those books deal with various Fib uses and calculations for both time and price movements.... There is probably a dozen different adaptations amongst all 4 books. Example; you can take the distance between 2 Highs and multiply by 1.618 to achieve potential time pivots. Back testing shows a high degree of accuracy. However which way the move will pivot and how far is not given. It appears one has to be very adept at being flexible in using these Fibs. Your use of 2.618 is found in a couple of these works and in different ways. Chip