|
PureBytes Links
Trading Reference Links
|
Rt's,
If I can add an observation to this discussion, as to the attraction of
price to the Fibinacci number series. Perhaps one should make a
distinction between the Fibinacci series and the .618 ratio. I believe
that the .618 number is what is known as the golden ratio.. or sum
such.
I ask all of you to take a spread sheet and do the following.
put a number in cell a1 and a higher number in cell a2
in cell a3 add a1 + a2 and copy down about 200 cells or so
in column b2 perform a division of a1/a2 and copy down to cell
b200.
I will bet you a nickle that by the time you get to cell 200 you will
have a ratio of .618034 pretty amazing, eh. What this tells me is that
numbers of any kind will generate this ratio. therefor it exisits as an
attraction of Nature to exhibit this quality of itself.
Walt,
this might be why one can take any ratio and get the same results since
ultimately it all sits on .618?? or the Golden Mean
Harley,
in Math Theory what is this called when you can take any kind of number
combination such as the above across a universe or infinite set of
numbers come up with the same ratio??
I guess what I am trying to say is that in Nature there is a form that
is generated by physical phenomenon based on it conforming to the shape
of physical particals.. We all know that the physics of atom theory is
based on statistics.. ie the electron shell of an atom isn't pinned down
in concrete, it can be described as hovering in a highly probabable
space at any given time..
If the substance of an atom cannot be precisely configured, more so
why should price as a human expression whose foundation is ultimately
atomic, exhibit precision? So price can get near the .618 or its
harmonics and still exhibit the phenomenon of conforming to a mean.
What I'm thinking is that price will not go to the tick of a .618 ratio
since there are not an infinite set of numbers to accomodate the energy
of price. So it will settle statistically around the ratio.
Don
Attachment Converted: "c:\eudora\attach\fib.gif"
|