Understanding Fibonacci Numbers (Pamphlet)

~ Edward D. Dobson (Author)

Editorial Reviews

Product Description

This booklet is a primer on Fibonacci numbers and is intended to give the reader an initial acquaintance with the concepts of the Fibonacci number sequence and to provide some historical background. It gives the reader an idea of how Fibonacci concepts and ratios are used by stock and commodity traders and analysts, and informational sources, with accompanying comments on the ones Dobson considers most worthwile for the Fibonacci student interested in applying the concepts to trading stocks and commodities.

It is not intended to give complete and comprehensive coverage to this fascinating subject. This would be impossible in such a limited space. The primary emphasis is not on the profound influence Fibonacci has had in art, architecture, geometry, mathematics and other areas, but on how the trader of stocks and commodities can put this information to practical use.

I am grateful to my friend, Robert Prechter, one of the most knowledgeable "Fibonacci Disciples" I know, for his permission to borrow from his thought and work in composing this booklet.

About the Author

Ed Dobson started trading stocks in junior high school in the 1950s and moved on to futures in his senior year of college in 1966, losing $8000 of 80 cents-per-hour work money my initial payment to the school of hard knocks.

After serving in the Army in Vietnam, he joined Gerald Gold, author of one of the few books available on futures trading at the time, in 1970. Dobson was interested in spreads, but nothing had been published on that subject. He dug out price data in newspapers and charted spread differentials by hand at the library, mostly for his own benefit.

After moving back to South Carolina, he was a broker for Harris, Upham and later Paine Webber. He worked as a broker for 22 years and retired to writing books and managing TRADERS PRESS.

In 1975 he decided to publish his first book. It was on spread charting and was used to solicit leads. At that time, TRADERS PRESS was born. In 1979, an update of that book, a collection of Comtrend charts and The Trading Rule That Can Make You Rich* followed.

Product Details

• Pamphlet: 16 pages
• Publisher: Traders Press (November 1, 1984)
• Language: English
• ISBN-10: 0934380082
• ISBN-13: 978-0934380089
• Product Dimensions: 8.4 x 5.4 x 0.1 inches
• Shipping Weight: 1 ounces
• Average Customer Review: 2.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #791,814 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

28 of 33 people found the following review helpful:

1.0 out of 5 stars a waste of money, September 8, 2001

By	John Matott (Fernandina Beach, Florida) - See all my reviews

Only three pages of this tome are devoted to Fibronacci numbers, and none of these is remotely related to market analysis. The rest of the pamphlet contains an impenetrable discussion of Elliot Wave mumbo-jumbo.

10 of 11 people found the following review helpful:

3.0 out of 5 stars Exactly what it says it is, January 25, 2003

By	MF (Columbia, MO United States) - See all my reviews

This booklet is exactly what it claims to be and nothing more: a very basic overview of Fibonacci numbers as is used in tracking price movements. There are a few pages describing how the numbers are calculated or derived and then gives a two-page real-life example of Fibonacci relationships in the price movements of the DJIA in the context of technical analysis (specifically Elliott Wave analysis). The bibliography is a real treasure. Overall, if you are interested in Fibonacci numbers this might be the first place you start, but it will NOT give you a lot of depth.

7 of 8 people found the following review helpful:

3.0 out of 5 stars Good Primer, July 8, 2004

By	David Rankin (Ashland, Ky. United States) - See all my reviews (REAL NAME)

Amazon Verified Purchase

Provides a lot of interesting details about Fibonacci numbers. With that being said the type looks like system font and the only stock market example is a photocopy of a news article with such small type that you will have to use a magnifying glass to read it.