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JLSegal

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JLSegal

Re: ajtj99 post# 90212

Saturday, 03/22/2003 12:26:41 PM

Saturday, March 22, 2003 12:26:41 PM

Post# of 704041
ajtj99, thanks. Still difficult to understand, but, I see that both 8 and 21 are fib #'s ..... so are you trying to say that, according to this analysis, we should reach a top on Monday, but, close down (because an 'up Monday' would make the 9th day of the rally, and 9 is not a fib #)?
Are Fibonacci numbers common and popular with technical analysis and traders? In other words, is Fibonacci followed strongly enough to create a self fulfilling prophecy?

Little + Often = Much

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