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<DIV><FONT face=Arial size=2>Hi KAILASH,</FONT></DIV>
<DIV><FONT face=Arial size=2>From A to B we have an uptrend.</FONT></DIV>
<DIV><FONT face=Arial size=2>Levels L1, L2, and L3 are interrupted, because you
detected</FONT></DIV>
<DIV><FONT face=Arial size=2>a new low at C.</FONT></DIV>
<DIV><FONT face=Arial size=2>(Here we have a big success !! The L3 level is
EXACTLY at C)</FONT></DIV>
<DIV><FONT face=Arial size=2>The next graphed levels are calibrated nowfrom B
and C.</FONT></DIV>
<DIV><FONT face=Arial size=2>It is correct for the small uptrend from Cto D,
but it is not correct</FONT></DIV>
<DIV><FONT face=Arial size=2>for levels L4, L5, L6.</FONT></DIV>
<DIV><FONT face=Arial size=2>They are calibrated as if an uptrend from C to B
took place, although</FONT></DIV>
<DIV><FONT face=Arial size=2>such a thing never happened.</FONT></DIV>
<DIV><FONT face=Arial size=2>They should be next levels of A, B movement,
because </FONT></DIV>
<DIV><FONT face=Arial size=2>the stock is still loosing</FONT><FONT face=Arial
size=2> a part of A, B gain.</FONT></DIV>
<DIV><FONT face=Arial size=2>For you L6 is </FONT></DIV>
<DIV><FONT face=Arial size=2>close(C)-1.618*[close(B)-close(C)]</FONT></DIV>
<DIV><FONT face=Arial size=2>and it is wrong, because we had no uptrendfrom C
to B.</FONT></DIV>
<DIV><FONT face=Arial size=2>Enjoy now the happy coincidence.</FONT></DIV>
<DIV><FONT face=Arial size=2>The level L6 is correct as an 1:1 loss of the A, B
uptrend.</FONT></DIV>
<DIV><FONT face=Arial size=2>And do you know why ?</FONT></DIV>
<DIV><FONT face=Arial size=2>Because 1.618*0.618=0.999924 very close to
1.</FONT></DIV>
<DIV><FONT face=Arial size=2>(as in some other case 0.618/0.382=1.618
etc.)</FONT></DIV>
<DIV><FONT face=Arial size=2>All these happened simply because point C was the
anticipated</FONT></DIV>
<DIV><FONT face=Arial size=2>from Fib. retracements. If point C was somewhere
else, you would</FONT></DIV>
<DIV><FONT face=Arial size=2>still calculate L4, L5, L6 at B,C basis whithout
success.</FONT> </DIV>
<DIV><FONT face=Arial size=2>The code indicates the most recent fib. levels,
although some previous</FONT></DIV>
<DIV><FONT face=Arial size=2>may be significant and not finished
yet.</FONT></DIV>
<DIV><FONT face=Arial size=2>This IS a problem, but the code is very
nice.</FONT></DIV>
<DIV><FONT face=Arial size=2>Play a little with Fib numbers, multiply and devide
them in pairs, it is</FONT></DIV>
<DIV><FONT face=Arial size=2>interesting to see the relations(example
0.618/0.236=2.618 etc)</FONT></DIV>
<DIV><FONT face=Arial size=2>Wellcome to Fibonacci relations world
!</FONT></DIV>
<DIV><FONT face=Arial size=2>[I will revert some other time with the "golden
ratio". It was known in</FONT></DIV>
<DIV><FONT face=Arial size=2>India at 600~700 B. C. and was included inEuclid´s
"Elements" 300</FONT></DIV>
<DIV><FONT face=Arial size=2>years later. Fibonacci, at ~1200 A.C. expressed the
same as numbers</FONT></DIV>
<DIV><FONT face=Arial size=2>relation]</FONT></DIV>
<DIV><FONT face=Arial size=2>Dimitris Tsokakis</FONT></DIV>
<DIV><FONT face=Arial size=2>(It was a bit hard to open the ~500K doc
!!)</FONT></DIV>
<DIV> </DIV></BODY></HTML>
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