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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (17388)4/17/2006 12:30:31 AM
From: PuddleGlum  Respond to of 23958
 
So .. you are beginning to like my 144 .. Fibo Numerical ??

Not exactly... maybe funnin' with you a bit more. Fib numbers are not magical, though they make a nice net with that 62% increase most of the way through the sequence. But even E-wave's foundation isn't on the 62% figure. It's on Fib #'s 1 and 5. The entire wave cycle is half of a period of one large oscillator, while the pullbacks are part of another oscillator with a frequency 5 times the large oscillator. The little one has 2.5 cycles while the big one does its half cycle. That's my take, anyway. Even before I noticed that I tended to use MA's that increased by 4-5 times. So, I use 9MA, 42, and 189 (sometimes). If 144 is your long MA then your next lower one should be around 30-38 (will 34 do?).

HLIT looks somewhat better using 2% box size, though still has a triple bottom break. I get the feeling that P&F isn't representing the situation as well as it should in HLIT's case:

stockcharts.com[PA][D][F1!3!2.0!!2!20]&pref=G