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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (101)11/25/2002 10:18:10 PM
From: augieboo  Read Replies (2) | Respond to of 941
 
phoenix, are you familiar with Robert Fischer? He has a book called The New Fibonacci Trader: Tools and Strategies for Trading Success (available at Amazon -- amazon.com ) and a website at fibotrader.com

His book comes with software called "WINPHI" -- and I'm wondering if it is similar to what you use/do?

Here's part of the description from Amazon:

The New Fibonacci Trader and companion CD-ROM offer a
powerful new arsenal of Fibonacci trading tools and
software–WINPHI–to recognize patterns, predict swings, and
buck the trend–so you can achieve the highest rate of
profitable trades. In-depth analysis of six geometrical
Fibonacci trading tools, which are leading indicators, not
lagging ones like the instruments of technical
analysis . . .

Fibonacci Summation Series
Corrections and extensions
PHI-channels • PHI-ellipses • PHI-spirals
Fibonacci time goal analysis

. . . and cutting-edge software, which easily chart these
tools, will allow you to identify trading opportunities by
measuring price and time signals that you would otherwise
miss.



To: the-phoenix who wrote (101)11/26/2002 3:08:39 PM
From: the-phoenix  Read Replies (1) | Respond to of 941
 
Decided to exit my swing short here on SPX at 915.50 (Futures) at the 50% retracement and retest of the "B" high mentioned yesterday. NDX/COMPX look to be completing five-wave declines off yesterday morning's highs that are rough Three Drives patterns completing at the .382 retracement of the CD legs in those indexes. This should lead to a bounce soon. The indexes all have decent support at these levels.

I may look to reshort at the end of the week if we get a last-gasp rally later in the week.