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The attached shows the count of number of times
that a date was hit
and a price level was hit by a fib projection from
prior legs in this 5 minute
data of QQQ.
For such short term evaluations, I am not convinced
that the coincidence of
Fib time and price projections offers much help in
anticipating price reversal
points.
Breakouts of Gann channels may be of more
importance.
Clyde
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- - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
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Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
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