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| COMPARE TO ACTUAL BELOW |
Lets look at some fibo numbers to see if we can estimate the next LOW on Feb 4th/7th
We know there is a Bradley on the 10th which might provide a short term high, but that would be after a short term low on Mar4th
First thing we need to estimate is the price of OIL which could make it to $126 before it tops
1344 - 1294 = 50 pts
50 pts X 78.6% = 39 to 1332
1333 - 50 = 1282 ~ just where abdullah projected
or
50X 1.618 = 81
1333 - 81 - 1252
1344- 81 = 1263
The next pivot high ??
1333 - 1304 = 29 pts = 58% of the 50 pts loss
29 X 78.6 % = 23 pts
1304 + 23 = potential high of 1327
If that level seems unlikely, you can do the math for any other fibo level
50% x 29 = 14 + 1304 = 1318/1319
They got to 1314 this AM, then 1319 seems an easy target given and ABC rebound off the 1304 low
Jay
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