Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who wrote (4690)	8/17/2002 11:21:13 AM
From: Jim Willie CB	Read Replies (5) of 89467

article: gold lost speed after shifting into 2nd gear technically gold still looks great given the doubt and anxiety, plenty of upside potential zealllc.com gold's midline support uptrend has held (check the chart) after a typical bullmarket 62% retracement you gotta love those Fibonacci ratios (1 + sqrt(5))/2 = 1.618034 ... [called PHI in math world] PHI has the unique property that PHI - 1 = 1 / PHI i.e. 1 / 1.618034 = 0.618034 PHI is the ratio of length to height in architecture as in the Parthenon this ratio is considered to possess beauty in the eye of the beholder its value in Technical Analysis is widely recognized I have no idea why the hell it does, but it does we simplify the phenomenon as 3/8 and 5/8 retracements gold retraced by 5/8-ths in July now let's get on with the gold rally of the decade / jim

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