Precision Ratio Compass by John Sweeney
NEW CLASSICS LIBRARY
P.O. Box 1618
Gainesville, GA 30503
(NOT a Fibonacci number)
Robert Prechter's latest item for use in deciphering Elliott waves is a nicely machined set of ratio
dividers. The Precision Ratio Compass is designed to speed up chart analysis by determining likely price
levels using Fibonacci relationships inherent in Elliott waves.
The alternative to using the compass is to laboriously read off the values from your charts, calculate the
likely price levels on a computer or calculator, and plot the levels on your chart. With the compass all this
is reduced to three quick steps: (1) set the compass for the ratio you want, (2) set one end of points to the
length to which you wish comparisons made, and (3) flip the compass to use the opposite points and plot
the desired price level.