xjo chart - fib help?, page-9

Firstly making your figures more accurate your coming a few hundred points off and thus destroying the fibonacci number.

But 2 very simple questions. Firslty how could you have predicted the the 1994 high.

Secondly how would you have known to add that amount to the 1994 high? why not the 1989 high?

Not attacking fibonacci, it has a deeper meaning which is more important, but its not consistant.

If you where to say well instead of adding to the 1994 high add to the 1987 high then times that again for the current resistance level etc... that has structure and meaning.

Randomly adding to highs does not give meaning and you also have no idea of knowing when those highs will occour.