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To: John Pitera who wrote (1460)	11/23/1999 2:34:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 11513

>>I notice that the decline which started at 3:30 yesterday and ended at 10:30 today, has been followed by an upward correction in time that was 1.618 * the time period of the decline. If we go on to make a new low today, or even a retest of the old low, it will be a nice application of using fib time periods.<< Excellent observation!!! Time is so ignored these days when timing the markets... keep tinkering with time and fib, I think you might even be on to something.....<g> GZ

To: John Pitera who wrote (1460)	11/23/1999 3:00:00 PM
From: Chip McVickar	Respond to of 11513

John, >>I notice that the decline which started at 3:30 yesterday and ended at 10:30 today, has been followed by an upward correction in time that was 1.618 * the time period of the decline. If we go on to make a new low today, or even a retest of the old low, it will be a nice application of using fibo time periods.<< Yes and for the move off the low on 11/10 to the peak the .618 retrace is exactly at 1404 cash. Also if you take the number of days from that 11/10 low and multiply by 1.618 you get a time due for change 9.708 days from 1/10. I expect something to happen after 3:00 today. You will like the book. Chip