Quote from logikos:
Also, for those who discount TA, and claim that TA only works because of self-fulfilling prophecy, there are some great Fibonacci studies from the 1929-1939 time period. I'm plotting the Dow on the weekly chart.
THANK YOU FOR SUBSTITUTING EXAMPLES FOR STATISTICAL PROOF, O FUTURE
1) The crash of 1929 retraced the 1924-1929 rally by 61.8%.
THANK YOU FOR CHERRY-PICKING EXAMPLES TO FIT YOUR DATA, GREAT ONE
2) The rebound rally of 1929-1930 retraced the crash by 50%.
O GREAT ONE, ANOTHER CHERRY-PICKED EXAMPLE
3) The 138.20% Fibonacci projection, using the 1929 top, the bottom of the crash, and the 1930 rebound top, projected a downside target of around Dow 49, which is where it bottomed in 1932.
MIGHTY ONE...
4) The top in 1937 retraced the 1930 - 1932 bear market by 61.8%.
ANOTHER EXAMPLE, AWAY WITH STATISTICAL VALIDATION, YOUR WORSHIP
5) The 1938 bottom retraced the 1932 - 1937 recovery stated in #4 also by 61.8%.
MOST BLESSED
I'm sure I can go on, but those are the highlights.
TA rocks! At least Fibonacci rocks!
YES. WHY QUANTIFY WITH EVIDENCE WHEN WE CAN USE BASELESS EXAMPLES, YOUR WORSHIP... AWAY WITH THE STUDIES THAT HAVE DEBUNKED FIBONACCI!!!
BY THE WAY, YOUR GRACE, WILL YOU BE POSTING ACCOUNT STATEMENTS TO ENDOW US WITH YOUR 1,000% ANNUAL PROFITS???
Also, for those who discount TA, and claim that TA only works because of self-fulfilling prophecy, there are some great Fibonacci studies from the 1929-1939 time period. I'm plotting the Dow on the weekly chart.
THANK YOU FOR SUBSTITUTING EXAMPLES FOR STATISTICAL PROOF, O FUTURE
1) The crash of 1929 retraced the 1924-1929 rally by 61.8%.
THANK YOU FOR CHERRY-PICKING EXAMPLES TO FIT YOUR DATA, GREAT ONE
2) The rebound rally of 1929-1930 retraced the crash by 50%.
O GREAT ONE, ANOTHER CHERRY-PICKED EXAMPLE
3) The 138.20% Fibonacci projection, using the 1929 top, the bottom of the crash, and the 1930 rebound top, projected a downside target of around Dow 49, which is where it bottomed in 1932.
MIGHTY ONE...
4) The top in 1937 retraced the 1930 - 1932 bear market by 61.8%.
ANOTHER EXAMPLE, AWAY WITH STATISTICAL VALIDATION, YOUR WORSHIP
5) The 1938 bottom retraced the 1932 - 1937 recovery stated in #4 also by 61.8%.
MOST BLESSED
I'm sure I can go on, but those are the highlights.
TA rocks! At least Fibonacci rocks!
YES. WHY QUANTIFY WITH EVIDENCE WHEN WE CAN USE BASELESS EXAMPLES, YOUR WORSHIP... AWAY WITH THE STUDIES THAT HAVE DEBUNKED FIBONACCI!!!
BY THE WAY, YOUR GRACE, WILL YOU BE POSTING ACCOUNT STATEMENTS TO ENDOW US WITH YOUR 1,000% ANNUAL PROFITS???