Maybe Socrates is a secret fib follower when he states 'everything is know in advance'... It certainly does seem this way when you see how fib levels can work. Maybe he'll post some wise words to help this exercise along to
prove how things are known before the event.
Nice post priceman, I do hope it generates discussion.
Rather than use all the levels I go for one only, if supported by the charting software. For me im quite taken with the 61.8% level, using this to detect failures to drive prices higher or lower, I have currently lost the source of this strategy, when found I will post a chart illustrating the point. Will Dow be ok?
As for unbelievers, well once a sceptic, always a sceptic, I dont believe peeps change their views, unless of course someone comes up with a foolproof strategy based on fibs & posts it...which could be foolhardy but thats another subject...then watch the leopards change their spots, quick smart.
I don't believe we will ever know what he's thinking or up to, for if anyone actually comes up with the right post sussing it all and taking away the hobby horse, they will be severely dealt a "no thats not it" reply, swiftly transported by "beyond right hard edge" technology to a galaxy far, far away known as "yonder place" put in a chamber, stripped of all worthwhile trading knowledge, weened off current diet of banana, then let loose in the wild to rant about the place they've just left...hmm, nice.
Maybe other fib fans can add some charts for discussion. Let's hope at least I can get Wasp to consider looking at them as useful indicators! :cheesy:
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