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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (12445)4/12/2000 7:08:00 PM
From: aek2000  Read Replies (2) of 35685
 
some simple Ta math on NSDQ Composite (help me out here)

Septembre and October highs were about 2900

March high was about 5050, an appreciation of 2150, pretty big

Jim Willie always likes to calculate 3/8 and 5/8 retrackings
he made an excellent point last autumn about retrackings in September1998 and October1999 being 3/8ths

if i pull out my little HP calculator and subtract 3/8th of 2150 from 5050, i get approx 4250

if i subtract 5/8th of 2150 from 5050, i get approx 3700

please help me with this, since i was not an expert
but wouldn't the technical bottom be about 3700 ?

i checked 1998 and 1999, and 3/8ths backtrack works
could we be seeing a 5/8th backtrack from March highs ?

any other Ta people out there, Pinhi ? Mullineau ?
aek
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