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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (43458)	7/4/2003 5:40:02 PM
From: Lazarus_Long	Read Replies (3) \| Respond to of 57110

The Skeptic here. Snakeoil. If you produce enough different ratios, OF COURSE a process that produces varying, possibly random, values will turn near one of them. For every case where you can produce a turn at one of those Magic Numbers, I'll bet I can produce one that didn't. And I use the term "Magic Numbers" because phi, the "Golden Ratio", has been one of the favorites of mystics since Pythagoras. Here are 2 Fibo sequences that don't work in terms of picking the point of the upturn a few days ago: stockcharts.com[g,a]daclnnay[p][J14538537,Y]&listNum=1 And here is one that does: stockcharts.com[g,a]daclnnay[p][J14538537,Y]&listNum=1 How do you pick one set over the other? On what basis? And with enough ratios and enough different possible lengths to apply them to, how can you not find something that fits?