Jeff,
>>>>>> The length of time each stair-step holds seems to have
some sort of mathematical pattern as well; ie, 1.5, 3, 6, etc.. Do you see a pattern here? and could this time be longer with deeper drops? and could this time pattern be related to your model in some way? <<<<
On purely a statistical basis, the rule of thumb is for occurances of 30+ to be considered a statistically sound pattern. That being said - your pattern does look interesting. However, it could just be coincidence with the timing of news.
I am using the top of stairsteps to identify them: 9000, 8600, 7800(?). The upper limits of the recent stairstep was closer to 8000-8100 than 7800; however we have been forming a MINI-STAIRSTEP within the larger STAIRSTEP at the 7500-7900 range. Assuming that 7900 is not broken to the upside dramatically, then using the 7800 # is OK.
Using FIBINOCCI the sequence is 400, 400, 800, 1200, 2000. So accepting 7800 as an OK #, then per FIBINOCCI the projection is for 6600(7800-1200), and the next is 4600(6600-2000). THIS IS ONLY A MATHEMATICAL STUDY!!!!!(before I get attacked).
Seeya
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