Thread: Fibonnaci
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Old 11-10-2004, 15:36   #3
bobnat
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Ciara,

Market Trader's Institute offers a course which is heavily based on using Fibs. Do a search for them and look at their stuff.

Fibs work, whether it's self-fufilling prophecy or not, though there are those who argue against them. The fact is that they don't work all the time.

The higher the time frame, the more consistent they become. Using 5 and 15 min frames will show you a lot of Fibs that don't work. Then take a look at the daily and weekly charts and see how they work...it's fascinating.

Nat
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