Why use fib levels (egyptian pyramids-bible codes)

[MarkedFeed]

Newbie here,

Been learning about fib levels etc. I know how important they are in nature but why are they applied to the markets? Why does it work when it does or is it a fluke? I feel uneasy when learning about it.

I remember a tv program (approx 12 yrs ago) about a guy who claimed that the pyramid were much older than previously thought. He looked at astronomy records and found a time when the pyramids lined up with the constellations, looked very convincing. It turns out that if you take any city and look at certain landmarks, you can line them up with any constellation if you look long enough (its just a coincidence)

Another example is the bible codes. A mathematician thought he had found hidden messages in the bible (again looked very convincing) but a probability expert took the book Moby dick and show that there are hidden messages in that! again coincidence


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