0.618 rule, page-10

Almondheat,

1. You take away between High 15c and Low 1c ( 15 – 1 = 14c )

2. Multiply 14c by 0.618 (14 x 0.618) = 8.652

3. Minus 15c by 8.652 (15- 8.652) = 6.348 . Then round of = 6.4c

From 15c (23/11), FDL dropped to 6.7c on 28/11, VERY CLOSE TO 6.4c ! .

0.618, maybe has been done (at 6.7c) with DFL. However, charts shows “the highs� : 15c, 10.5c, 9.4c, and today close ………???? Very good pump and dump today. But, still long way before any drilling. That FDL may drop again sooner.

Similarily to Rau case, many people "lol" at 0.618. But, from 29c down to 10.5c (more than 0.618 rule)! Look at my posts from 16 to 29/11), Rau has dropped :

1) 0.29 – 0.618(0.29 – 0.135) = 0.195

2) 0.29 – 0.618(0.29 – 0.085) = 0.164 = 0.16

3) 0.29 - 0.618(0.29 - 0.042) = 0.137 = 0.14

4) 0.29 – 0.618(0.29 – 0.014) = 0.11.95 = 0.12

5) What’s next???
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ShareNovis,

My family bought FDL from right issue (1.2c). We also have free FDLOA oppies from the other right issue. We sold all with a very good profit (read my post on 22.11). So, I don’t need to get in now. Hope no one burn their fingers.

Good luck to “long term� holders