lets just call today what it is... thursday, page-30

This post should really be on the XAO list but it's more active here and could be very important. I just worked out the numbers from the 2007 top to these lows and they fit exactly.

XAO closing prices work.

Sq 9

1-11-07 close 6853.6 square root = 82.786
82.786 - 20 = 62.786
62.786 squared = 3942.1!!!!

10-10-08 close 3939.4
17-10-08 close 3944.8

3939.4 + 3944.8 = 7884.2 x 1/2 = 3942.1!!!!

So the average of the 2 closing prices at the recent lows are exactly minus 20 at the square root level from the close at the 1-11-08 ATH.

You might need to be a Gann devotee to appreciate the purity of this price connection for the XAO as it relates to the 360deg SP500 time cycle for that same period.