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Strategies & Market Trends : John Pitera's Market Laboratory
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The Ox
To: John Pitera who wrote (18625)1/23/2017 8:51:10 AM
From: John Pitera1 Recommendation   of 33421
 
Here is a better explanation of some of what went into this SPX chart.....

SPX Chart from the summer of 2015 until today with Fib Time and price projections which are based on key Lows to Initial rally highs and Key Highs with initial Impulse wave lower. as well as Fibonacci Time projections based on a Key Low to a Key High and sometimes a Key Low to the Next Key Low.



the dotted white lines show the reactions highs and lows that I used to construct the 2 different Fibonacci extension boxes... which can
be using a significant market low to a high which generates future high resistance areas .

and alternately a market high that then creates and impulse down wave can be used to generate a box of future low Fibonacci price supports.

The Fib time projections are based from a key low to a high, and some time I will use an entire cycle which
might be considered a full cycle from low to the next low... or alternately think of it as using the 5 wave up and the
subsequent ABC to use the two dates that then forward projections of Fib time turn dates are determined.

This chart I cut in 2 to increase legibility here is the chart in one piece but with reduced resolution.

Message 30947051



JP
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