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.

1 comment:

  1. Responded to you at SOH

    Yes, I am suggesting it is strong support - only we are now on the wrong side!



Insightful and Useful Comment!