charting technique, page-17

I have my favourite indicators. However, most of these indicators are useless for volatile or trending stocks. Best for range bound stuff.
More importantly I believe if you don't use fibonnacci analysis (or reject it) then you are trading with a blindfold.
I see many chartists on HotCopper and elsewhere who have great looking charts with good indicators attached, but make the wrong calls based on them. Many of these don't use fibb. I think fibonnacci is great, it takes a while to learn the rules and apply them properly, but it has upped my %win markedly..


Cheers,

Christian