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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: Skycat who wrote (16773)	1/18/2001 7:16:20 AM
From: ChrisJP	Read Replies (1) \| Respond to of 19297

I say "teach someone to fish" ..... .... and they smell like fish for the rest of their life !! Yuk ! I thought you guys might be interested in a fun fact about that .62 retracement that Jeff keeps mentioning. It comes from a mathematical phenomenon know as the Fibonacci Sequence: 1,1,2,3,5,8,13,21,34,55 .... and so on. Where each successive number is the sum of the 2 preceding it: 1+1=2, 1+2=3, 2+3=5, 3+5=8 ... and so on. For some reason, Fibonacci numbers occur quite frequently in nature. Count the petals on a flower some time -- you will see. Keep that in mind the next time you play "He/she loves me, he/she loves me not", lolol Anyway, when you divide 2 consecutive Fibonacci numbers, you get a number that approaches .62: 5/8=.625, 8/13=.615, 13/21=.619, 21/34=.617 ... see ? For some strange reason, stock market retracements have a relationship with the Fibonacci Sequence too. I'm not making this up, lol ! siliconinvestor.com Magic numbers, shooting stars, black candles, smoking pistols <g> .... ..... I guess it's safe to say that making money in the stock market is far from being an exact science, lol. Chris P.S. I sometimes use prayer when I buy stocks too ! :-))