Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (10371)	4/8/1999 10:32:00 PM
From: bobby beara	Respond to of 99985

While not always reliable turning points based on fibonacci multiples can many times signal turning points. The July had some nice 55/34 turning points. During this run since 1/8 we have seen a lot of fib turning points 34, 55, 21. Sometimes they are more powerful if you find a bunch of them clustered together. Since 4/6 was 89 days from 1/8 and 34 days from 3/3 and 13 days from 3/24 we have some clustered relationships here to go with the 8/97 top. I'm going to research some more. There is also a 30 day cycle that has been fairly reliable over the last year that indicates a market turn this week. Slamazon has a H&S pattern on the 60 minute chart, will it continue to lead the market -g- bb