XJO 0.67% 8,150.0 s&p/asx 200

xjo technical, page-28

  1. 4,710 Posts.
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    Maxi why use that low?

    Under FSS rules, fib fans are plotted on a primary basis from the highest absolute value to the lowest absolute value, on the secondary fan the lead is then plotted against the 50% level


    so on the example data below, chart 1 is step one - the lead points are the high of the 01/11/07 and the 17/3/08 low.





    The second fan is then plotted from the same high however this time the lead is plotted against the 50% level of the original.






    Note: The above has been draw in semi log
 
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