Finance and the Fibonacci Sequence By Benjamin R. Hull History Leonardo of Pisa (1170-1240) Financial engineer; analyzed business problems Brought Arabic Number system to the West Liber Abaci (1202) Tools to calculate present value, compound
interest, geometric series Rabbit problem First western appearance of Fibonacci sequence Liber Abaci Rabbits! The Golden Ratio Biology
Architecture = = 1.6180339 Approximate: Divide n+1 Fibonacci number by nth The Fibonacci Sequence 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, Technical Trading Pioneered by Charles Dow
A Random Walk Down Wall Street Burton G. Malkiel Cannot predict future trends based on past ones Spread of information Crowd instinct and mass psychology Individuals want to break even ($40 to $50 drop example) Price rise causes bandwagon effect Strategy
Identify trends and act based on possible future movements Support and Resistance Lines represent potential turnaround points Support: Price passes and continues rising Resistance: Price does not pass and drops Fibonacci Ratios Probabilities based on Fibonacci percentage Ratios
Other Ratios: 1 - 0.76394 76.4% 1 - = 0.78615 78.6% 0.5 = 50.0% Pictures s Sources
Books: Fibonacci and the Financial Revolution, Goetzmann, William N., The Origins of Value (pages 123-144). Oxford University Press Inc., New York, 2005. Fibonacci Numbers, N. N. Vorobev, Addison Wesley, Massachusetts, 2nd Edition, 1994.
A Random Walk Down Wall Street, Malkiel, Burton G., W. W. Norton and Company, New York, 6nd Edition, 1996. Technical Analysis from A to Z, Achelis, Steven B., McGraw Hill, New York, Second Edition, 2001. Fibonacci and Lucas Numbers, and the Golden Section, S. Vajda, Halsted Press: a division of John Wiley and Sons, New York, 2nd Edition, 1994. Pictures and Other Sources:
(Click on General Information>Form Bank>Travel. FS-125 Authorization for Out-of-Town/Overnight Travel. ... Use this form on a daily basis in conjunction with the District Mileage Wizard on the Financial Services web site. The Mileage Wizard will calculate reimbursement for mileage traveled...
VTP minimizes the possible configuration inconsistencies that arise when changes are made. Additionally, VTP reduces the complexity of managing and monitoring VLAN networks, allowing changes on one switch to be propagated to other switches via VTP. On most Cisco switches,...
bazaar! "thyme" copy hypernym Words should be grouped into subject-areas (topics), clustered into a hierarchy, for easy user access. Words deemed unsuitable for the target users (e.g. swear words, sexual terminology) should be avoided. The joke generator should prefer words...
Vitamins and Minerals Lecture 5 Mineral Supplements Macrominerals Found in  greater that 100 ppm in animal body Ca, P, Mg K and S Microminerals Found in  less than 100 ppm in animal body Cu, Fe, I, Mn, Se,...
Intranet verses Internet -based Testing Computer hardware effects on test scores How to test speeded abilities on unstandardized hardware? Can emerging technologies (such as mobile computing devices) provide additional or different benefits (above and beyond computers) for large-scale assessments?
SUMMARY STATEMENT or a good WONDERING QUESTION. We Do… Urban Prep is Chicago's only public all-male, all-African-American high school. The school has a big goal: helping every one of its students get accepted into college.
2008-2009 Mellon Funded OLE Project Investigation. 2009 Formed OLE Build Partnership of 9higher education institutions . 2010. OLE Build Phase Funded by Andrew W Mellon Foundation & the Kuali OLE Partnership for a 2 year software build phase
Ready to download the document? Go ahead and hit continue!