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Monday, March 09, 1998
There are reasons that the market goes where it goes and also reasons for
how long it takes. Sometimes these reasons are more obvious than at other
times. Fibonacci numbers may be used to describe some of these reasons.
Today the Dow Index has presented a group of levels that may describe a
conclusion. One year ago the 13th of this month the Dow Index made it to
the levels that I am going to try to explain today and then the down
started. The Dow Index made a significant top on 12/5/97 and made
subsequent bottom the following 1/12/98. Also the Dow Index made a next
minor top on 1/20/98 and a subsequent minor bottom on 1/23/98. The
relationship of these dates also declares duration between the dates. The
Fibonacci relationship points to 3 price levels. One is a 4.236 Fibonacci
number from the 1/20 high to the 1/23 low points to $8,624.05, and 1.618
also a Fibonacci number of the 12/5 high to the 1/12 low points to
$8,620.36, and a 100% equality of the 10/28/97 low to the 12/5/95 high
points to $8,623.26 as a conclusion. Also the time duration to this up is
compared to a 1.618 relationship of time between the 12/5 high and the 1/12
low, this points to a conclusion at or near the 9th of March as the top. We
will have to wait to see if any of this stuff holds true. 3/9/98 9:28 PM
Skip
James "Skip" Semmons with Eudora Pro Ver 3.0.5(32) USA
Voice: (573) 874-1822 Fax: (573) 443-7304
E.Mail: jsemmons@xxxxxxxxxxxx
Web Site: http://members.sockets.net/~jsemmons
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