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

To: Jack of All Trades who wrote (78992)	6/19/2001 4:42:14 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

Jack: I know you are asking how I came up with a 78.6% retrace as a Fib number. Don Wolanchuk and a couple of the gurus over on the Crystal Ball Forum convinced me of its usefulness. I asked them the same question and they exampled how they came up with the number, but I can't remember off hand...let's just call it a 78.6 % retrace number for now. Maybe da_cheif will drop in and let us know how he arrives at the 78.6% if he is still reading the thread. If not and I can't remember, I'll ask him again... But you can't arrive at it using the standard .618 divisor or 1.618 multiplier. Regards, LG