The word Fibonacci (pronounced fib-oh-notch-ee)
can draw either blank stares or an enthusiastic response. There’s
hardly any in-between ground. But for those who ask how an esoteric
mathematical relationship can apply to price charts and trading,
here’s a quick lesson. Everyone who uses Elliott wave analysis
will sooner or later want to try using Fibo techniques, and Elliott
Wave International’s Jeff Kennedy has written about five of them
in a Trader’s Classroom column. For an example of why people are
so fascinated by Fibonacci, read part of Kennedy’s article here:
Elliott Wave International (EWI) is the worlds largest market
forecasting firm. EWIs 20-plus analysts provide around-the-clock
forecasts of every major market in the world via the internet
and proprietary web systems like Reuters and Bloomberg. EWIs
educational services include conferences, workshops, webinars,
video tapes, special reports, books and one of the internets
richest free content programs, Club EWI.
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