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Tuesday, July 7, 2009
Fib Fan from 1932
I don't really know much I trust the Fib Fan, I guess like some stocks are Fib retracement friendly, maybe some are Fib Fan friendly. On another BLOG someone was stating that 1932 50% Fib fan was providing strong support right now, and I couldnt replicate that. Maybe it depends on log versus arithmetic charting...however, the most respected chartist Tim Knight pretty much says use log -- "hands down" discussion over.
Comments appreciated.
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Fib Fan
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Responded to you at SOH
ReplyDeleteYes, I am suggesting it is strong support - only we are now on the wrong side!
EdK