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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (2354)	1/5/2000 11:32:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 7434

sure 76.4% leaves you with 23.6% which is the reciprocal of 4.236 it is the relationship of 3 steps up the ladder from from 1.618.... 2.618. 4.236. if you expand the fib sequence 34,55, 89, 144, 233, 377, 610 etc just take 610/144 and you will get 4.236 and the inverse is .236 square roots are very cool the low in 1932 on the djia was 41.56 hourly and if you square it you get 1727, and that was an important area for the mkt back in 1985-86.....there are other examples of that as well. If you take a price low point and square it and add the the square to the original price low you can get support and resistance points occurring at those future price magnet points. Everyone has a fund for GZ to run lately -g- John