Where did all the Fib threads come from?

[bsparkyman]

Suddenly alot of threads and analysis on et espousing fibs for stocks and futs and posters using in hindsight and realtime analysis and calls.

Three months ago if you posted a "do fibs work?" thread they cut off your head and shit down your throat.

Where did all the converts come from and where are all the witch hunters?

 

[no. 22]

Could be something to do with we are at a fib retracement on an index? Also, full eclipse of the moon tomorrow.

 

[bsparkyman]

Cycles are very prevelent right now. 12666, 13666, active solar weather, increasing sunspots cycle. Make your hay while the sun is shining!

 

[rcanfiel]

Quote from bsparkyman:

Suddenly alot of threads and analysis on et espousing fibs for stocks and futs and posters using in hindsight and realtime analysis and calls.

Three months ago if you posted a "do fibs work?" thread they cut off your head and shit down your throat.

Where did all the converts come from and where are all the witch hunters?

I saw several good studies on Fib levels. Bottom line is, fib retracements fare no better than any other. There is nothing magical about 61.8 or 38.2 or 50% etc. etc.

But the beliefs die hard. Mention facts, and a hundred people will pop up with torches...

"Works for me" seems to be more important than evidence. Go figure.