Was für Fibonaccifans

verfasst von Phoenix, 16.06.2004, 21:11

-->Next week, June 17th (pushed back since markets were closed Friday June 11th in memory of President Reagan) is a major Fibonacci turn date, the 1111th trading day since the Bear Market began on January 14, 2000. Its phi mate is the low so far for the Bear Market, October 9, 2002 which occurred 687 trading days from 1/14/00. June 17th, 2004 is 424 trading days from 10/9/02. 424 divided by 1111 equals.382, and 687 divided by 1111 equals.618. Together these ratios comprise the Fibonacci golden ratio that has identified every major top or bottom throughout this four-year Bear Market to date. By the looks of things, this time we will see a top.

Mathematically, June 18th also works out to an exact.618/.382 ratio as well, and interestingly it was on June 18th when 2002's crash began its decline in earnest, falling 2000 points through 7/23/02.

Schöne Grüße
<ul> ~ http://www.safehaven.com/article-1639.htm</ul>

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• Was für Fibonaccifans - Phoenix, 16.06.2004, 21:11