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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (21266)	7/3/1998 1:10:00 PM
From: bobby beara	Respond to of 94695

Jimmy 1180 to 1030 is only loosing several months gains in this market and is no tsunami, now 840 that would be a big wave and a correction back to "irrational exhuberance" would be a tsunami. bb

To: James F. Hopkins who wrote (21266)	7/3/1998 1:26:00 PM
From: set	Respond to of 94695

> I don't even know what a Fibonacci day is the fibonacci series is a simple addative series. 1 + 1 = 2 2 + 1 = 3 3 + 2 = 5 5 + 3 = 8 8 + 5 = 13 13 + 8 = 21 21 + 13 = 34 34 + 21 = 55 and so on adding the last two sums in the series to form the next one. the pattern shows up in nature with remarkable frequency and converges on a rule of adding about 38% to each number in the series. nature seems to force that 38% growth on the processes until they break and can't complete another element in the series. when you apply it to a number of days, as bobby is doing here, the implication is that each element in the series represents a wave of emotion, and that as the wave crests we must decide if another element in the series can be tolerated. The process which he is saying is currently under stress is the market holding on after the may selling peak. I don't know why he focuses on 55 and not 89 or some other number, but in any case it's a decision point. Shahar