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Re: Fibonacci Numbers



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Tom,

There is a lot of truth in this. This would explain why
any Technical Analysis system will always work no matter
how many people used it.

-Neal.

------------------------------------------------------------
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>At 07:03 AM 12/16/97 -0800, Tom Stein wrote:
>It's like everything else in this business....you could show the world the
>"Holy Grail" to trading and MAYBE 1% would even be able to trade it
>profitably....The rest would either stop or change it so they could lose
>money...LOSE MONEY!!!!!  Yep...most people who trade do not have enough
>self-discipline to actually make money at it.....Hard to believe, but
>true...I also believe that most losers are not honest enough with themselves
>to admit that the reason they lose is because they lack
>discipline....therefore...they just keep on losin'....
>
>Some sobering thoughts.....Tom Stein  comfut@xxxxxxx
>