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MR LYNN G wrote:
> Dr. Narayan:
> I believe your views are valid yet I prefer to think in slightly different
> terms. I believe "markets" can grow into a fib environment. At first, when
> markets get started, they are subject to influences which can overwhelm the
> fib ratios. These forces may be government, economic or political. When a
> market gets large enough to withstand these attempts of manipulation, they
> start to respond to a larger natural force and fib is part of this force.
> Therefore, I believe that fib is the natural response by the market once it
> matures. Until that time, it can have wild uncontrolled fluctuations.
>
> When I position traded, there were some markets that I would not trade because
> the markets could still be manipulated by a relative few but powerful sources.
> These tend to be the markets with the least liquidity as shown in TASC. These
> markets are old in time but not in size so they represented a very real threat
> to my analysis even though there is no doubt the moves can be extremely
> profitable.
>
> Good Trading.
> Lynn
I agree with Lynn, that as a market gets bigger it will conform. Bonds,
Soybeans, Metals, Currencies,
go to % retracements and projections, and Fib and Lucas numbers, Those
that don't are Meats... Those are a smaller market and is manipulated
more easily.
Don
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