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

To: Lazarus_Long who wrote (837)	7/4/2003 10:26:19 PM
From: the-phoenix	Respond to of 941

Hello, Lazarus: I totally agree with the near impossibility of trying to trade based on anticipating whether a stock or index will retrace to the .382 versus the .500 versus the .618 versus the .123458765 <G>. That is why the method used here looks for the convergence of at least two or three different "fibos" in the same price area for trade entries. Further, we look for specific price patterns that are a pre-requisite to even looking at what the multiple fibos that may converge at one point might be. I think you can get an idea of what this is about by reading the first dozen or so posts of this thread. There is plenty of snakeoil out there for sure. But there is usually a grain of truth to every lie. I'm looking for that grain of truth when it comes to using fibos in the markets. Phoenix