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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (17252)	11/2/2015 12:45:00 PM
From: John Pitera	Respond to of 33421

Hi Chip, what I have found with using Fibonacci Time Projections for turns is to look for clusters where 2.618 time period of a turning point on a shorter term chart also has a turn that is 1.618 or .618 relationship to a longer timeframe chart. That definitely adds predictive power to Fib Price projections where you have hourly charts that are indicting a level that also is near a daily chart and a weekly chart........ There is a skill to be developed and I have found that just like you see a hitter in baseball and gets on a hot streak....the ability to call turns in a market and forecast and trade a market can wax and wan as you can get a real good feel for a market sometimes.... you have certainly been a serious market devotee for quite a long time and I think your even keeled temperament has been a big asset for you. my very best old friend, John