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To: Tom Trader who wrote (27201)10/28/1997 11:07:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Tom,

I am some understanding of fibinocci calculations, but do not use them in my analysis.

I did not consider the summer lows, since it is subjective. My calculation was actually made by moving average analysis. I did not post it but I have told some friends and my brokers that the SPX bottom was 842, missed it by 13 points



To: Tom Trader who wrote (27201)10/28/1997 11:49:00 AM
From: The Jedi  Respond to of 58727
 
Tom look up the latest S&C article on Fib retracements. It asks for the last 3 isolated lowest lows. To use this on DJ30 chart I would trust weekly data more than dailly and that leads me to the end of 1994 as the 3 rd isolated lowest low from the isolated highest high of Aug. And thus the 50% retracement level is the one I posted.

Kiri