To: Cube who wrote (36821 ) 9/4/2000 1:00:25 PM From: Doug R Read Replies (1) | Respond to Cube,"The settings you choose to use for periods being based on Fibonacci is meaningless when using indicators. Especially what Larry Williams and J. Welles Wilder call false confirmations. You can say that Stochastics, RSI, Money Flow, Moving Averages, and MACD are all rating an 8 on the 56 valuation method. You might think that this confirms something but it confirms nothing because all of the above indicators are based on price. All you've done is portray price 100 different ways. So whether you use Fibonacci numbers in your Stochastics, MACD or any other indicator settings, make them no more or less accurate than the inherent accuracy of any indicator to date. Which is at best 50%. And as we all know, 50% is untradeable."
