Haspete, geez...you have been a very gwumpy bull lately.
I totally disagree with you on fib fans. They work about as well the standard fib lines we use for price....except they give consideration to both price AND time. We know that price does not ALWAYS find support or resistance at a normal fib line....if it did the market would be locked in a small trading box forever. But if price is going to find support or resisance then it will very likely be at a fib level.
I see you urged BIO to back test his system....funny you should mention that as I had tried a number of examples using the highs and lows of this bear with fib fans before I made my post...and every one sucessful.
The last example I gave you was referenced between the May 08 high and the March 09 low....here are 4 more examples for you :
MAY 08 HIGH and NOV 08 LOW
OCT 07 HIGH and JAN 08 LOW
OCT 07 HIGH and JULY 08 LOW
OCT 07 HIGH and NOV 08 LOW
I could go on....but i think I made the point.
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