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Strategies & Market Trends : P&S and STO Death Blow's
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To: Jeff who started this subject11/9/2002 5:37:47 PM
From: ajtj99  Read Replies (2) of 30712
 
Some fib numbers from a post on Marketswing:

From 7/24 to 10/10 was 55 days, but it did not take 55 days to make a lower low. In fact, it took 42 days to 9/23 to break the July low.

42 days for the current rally is 12/9.

9/23 is 21 days after the 8/22 rally top...21 days up and 21 days down to the same level. The 10/10 low was 34 days after the rally top and 13 days after the low was broken. All Fib numbers: 13, 21, 34, 55.

Assuming 11/4 (or 11/6) was a top 21 days later is:

11/4 + 21 = 12/4
11/6 + 21 = 12/6

So the result is that if (BIG IF) this rally follows the pattern of the last one, the Oct low could be tested around 12/4 to 12/9. 11/26 still seems too soon.
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