Fi bonacci and Gann applications in financial markets
Subtitle: practical applications of natural and synthetic ratios in technical analysis
By: George Alexander MacLean.
Series: Wiley trading series
Publisher: J. Wiley; Wiley
Published: 2005
Place of publication: Chichester, West Sussex, England ; Hoboken, NJ, USA
Language: eng
Number of pages: 230
Subjects: Investments, Foreign -- Law and legislation -- United States.
Description: "This book is a critical exploration of Fibonacci numbers, retracements, projections, time frames and fanlines, and their current usage within the financial markets by technical analysts. These methods are seen as effective technical analysis tools, however the author also sets out occasions when using them is inappropriate and can be costly in both financial and credibility terms. He investigates common assumptions that screen-based charting systems, which allow traders and students to draw Fibonacci retracements and angles without indicating their drawbacks, can lead to the inaccurate application of an otherwise powerful tool."--BOOK JACKET.
Notes: Includes bibliographical references ([p.221]-222) and index.