ANZ, as you may remember from the charting classes, has a great Fibonacci track record. Check this one out.

Best results come off major changes in trend - ie good tops and bottoms. 1990 high 636, 1992 low 249 = range of 387. (387 * 2.618) + 249 = 1262. 1999 top was 1266. I know several traders who worked this out well in advance during the 1996/97 run, successfully traded.

Note also the majority of tops/bottoms occurred in January/February.