Fibonacci and Gann applications in financial markets - George Alexander MacLean

There are many books covering Fibonacci from an artistic andhistorical point of view and almost as many suggesting thatFibonacci retracements and numbers can be successfully applied tofinancial market time series. What is missing is a book thataddresses the common errors in using screen based Fibonacci (andGann and other tools).

The book is a critical exploration of Fibonacci numbers,retracements, projections, timeframes and fanlines and theircurrent usage within the financial markets by technical analysts.Although they can be extremely effective analytical tools when usedappropriately, mistakes in usage can be extremely costly from afinancial and credibility viewpoint. George MacLean takes a brieflook at the history of Fibonacci and Gann, before providing a fullaccount of their applications in financial markets, including fixedincome, equity, foreign exchange, commodities and indexes. Inparticular, he draws attention to the overuse and misuse of easilyapplied computer packages available to professional and amateurtraders.