friday trading, page-210

Hi woohoo, In my last post I was trying to make something of the fact that this rally of 229 days was nearly .618 of a year....nearly but not quite. I then suggested a correction could be a fib time retracement of 23.6% x 229 days...or 54 days....so close to fib 55 days as was the case with the 87 crash.......but since then I have been out walking along the beautiful beach at Mooloolaba contemplating fib numbers...as you do.....when I suddenly realized....

229 + 54 = 283. sound familiar ???

67, 108, 175, 283, 458, 741, 1949, 3141

or 55/610 x 3141 = 283 if you please.

so we already have 741 days (or 23.6% of 3141 days or 144/610 x 3141 for our newer viewer trying to keep up)from the armstrong top in 2007 to the march 6th 2009 low AND also 741 days from the 11/10/2007 market top to the 21/10/2009 high.....so to have another armstrong/fib combo of 283 days to the low makes sense especially with 55 days being such a stereotypical rally or correction duration.

so in the draw you can put me down for a December 14th ....maybe 15th market low.