IPMG - International Precious Minerals Group Message Board

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Gold/Mining/Energy : IPMG - International Precious Minerals Group

IPMG 0.0001000

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Mar 7 3:00 PM EST

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From: rrm_bcnu	10/22/2005 5:03:36 AM
	Read Replies (1) of 799

It appears that IPMG is setting up for an AB=CD measured move. The AB=CD pattern is a price structure where each impulse price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.272 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.272 projection. The obvious advantage in the Bullish pattern is knowing the extent and reversal price of point D. In the Bearish the depth of the CD leg and buy-in point at D. Some 62 percent of 4-point patterns will qualify for the AB=CD pattern. Based on the following data IPMG will move as follows (assuming no adverse information) to the next swing pivot at $.024 per share: 09/23/05 Low = .003 - Point A 10/03/05 High= .020 - Point B 10/14/05 Low = .007 - Point C Projected Point D @ .024 Retrace = .765 Swing Projection multiple = 1.309 Data calculations Fibonacci Retrace/Inverse Pivots Hi $0.020 Low $0.003 14.6% $0.005 23.6% $0.007 38.2% $0.009 50.0% $0.012 61.8% $0.014 70.7% $0.015 76.4% $0.016 100.0% $0.020 130.9% $0.024 138.2% $0.026 161.8% $0.031 200.0% $0.037 261.8% $0.048 423.6% $0.075 MM Retracement/Inverse Pivots A B C D* $0.003 $0.020 $0.007 $0.024 Fib# Weight AB BC 0.236 Minor $0.011 $0.010 0.382 Prime $0.013 $0.012 0.500 Major $0.016 $0.014 0.618 Prime $0.018 $0.015 0.707 Minor $0.019 $0.016 0.764 Minor $0.020 $0.017 1.000 Target $0.024 $0.020 1.309 1/.764 $0.029 $0.024 1.382 1+.382 $0.030 $0.025 1.618 1/.618 $0.035 $0.028 2.000 1/.500 $0.041 $0.033 2.618 1/.382 $0.052 $0.041 4.236 1/.236 $0.079 $0.062 AB=CD Measured Move A B C D* Retrace $0.003 $0.020 $0.007 $0.024 0.765

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