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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (78990)6/19/2001 3:49:33 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 99985
 
LG,

When you get a chance could you explain how you get a 78.6% fib retrace?

thx

EDIT I am just looking for the 78.6 calc



To: HairBall who wrote (78990)6/19/2001 3:53:50 PM
From: Daveyk  Respond to of 99985
 
Thanks Larry.I'm glad to see you around more as you're one of the more knowledgeable members of SI.I am not getting any buy signals worth playing and am growing weary of looking for them.When the wife gets back from shopping I'm going to talk her into a trip to the Northwoods of Wisconsin.Course I have a deck to build when I get there but I'll take time to relax too.



To: HairBall who wrote (78990)6/19/2001 3:55:24 PM
From: eichler  Respond to of 99985
 
LG,
I came up with my approximation using the "lazy man's" approach. On the IQ charts, there is a fib retrace tool in the tool box; it takes about a second to overlay the grid on the high and low considered and stretch it to fit. I then eyeball the corresponding figures on the chart. Not exactly accurate but close enough for a ceegar. ggg I'm finding the market itself is not always that accurate either, for that matter!
Regards,
Eichler


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