XJO 0.12% 8,221.5 s&p/asx 200

cherchez la femme thursday, page-32

  1. 4,710 Posts.
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    Dave just a few points on Fib time. With all the testing I've been associated with we've found a greater significance towards trading days than calendar days. Also referenced from the first and last correctives can often have greater importance than absolute high and low reference. The last point often concludes a cycle and also takes on the value of zero. Therefore as most software starts at 1 rather than zero, you would need to start your count from the high/low point +1.

    The other thing to remember is Fib time is far more useful at determining shifts in momentum rather than turns. This is where Fib cycles differ to Astro and many respects.





    If you apply the same principle to current events plot 144 from 02/05 takes you straight to the 16th. I gave pisces that date a few weeks back, San Felipe also had it. That cycled into the 21st bar which you've used also lines up to the 16th.

    Cheers
 
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