This may have been answered on ET already. But, I have to ask for some feedback and opinions. I trade mostly with TA: I incorporate Fibonacci, RSI, MACD, and trend to come up with entry and exit points. I like to trade for 20 % gains as much as possible. I never short stocks. The reason I am asking for opinions is because of the things I encounter day to day. I have always wondered if Fibonacci points are created or just an ellusion. By ellusion, I mean, is it possible that market makers/specialists use these points to create their market for the day. And, in doing so, create these points artificially? Or do they plot these points out ahead of time and use them because they know many traders will be looking for these points to get in, get out, place stops, etc.... Stretch a Fib ruler over any chart and the prices seem to gravitate to the most common Fib points: 38%, 50%, 61.8%. When I contemplate a next move I always try to predict where the price is "likely" to go in regards to these points as they pertain to the micro trend and the MACRO trend. I do have a certain like for Elliott wave cycles and will try to identify the smaller wave directions and use these as my clue to the next direction move. I notice that quite often the price will move to one of these expected FIB points on que. Some days the price moves exactly between these ponts. Other days, the price will move up to one of these points on solid momentum but stop just short of the next point. Are MM/specialists really creating artificial start/stop points for prices, or are they just following what a computer program tells them is the trading range for the day? How much of Fibonacci movement is caused by the main link in the trading system the "MM/specialist"? How much is really driven just because sentimental, herd-like mentality? Any comments and opinions would be appreciated.