At today's high of 1378.55, the SPX has retraced 78.3% of the October 2007-March 2009 drop and 78.2% of the July 2007-November 2008 decline. 1381.64 would have been "perfect" for both.
It may interest some here to notice that 1378.55/666.79 is practically phi raised to the 1.5 power, i.e. phi times its own square root...the perfect target would have been 1372.37, so perhaps the market is averaging the two ideal values, which gives 1377.01.
3 comments:
NOTE THAT the sum of the digits for 1377 also = 9
Jay
DAMN
I forgot to mention and didn't mark it on the EKG
today at 10am = 39 hrs from
FEb 21st and the FIRST attempt at 13,000 at 10am
STAY TUNED
GOLD COLLAPSING at 11am- now - $52
Jay
At today's high of 1378.55, the SPX has retraced 78.3% of the October 2007-March 2009 drop and 78.2% of the July 2007-November 2008 decline. 1381.64 would have been "perfect" for both.
It may interest some here to notice that 1378.55/666.79 is practically phi raised to the 1.5 power, i.e. phi times its own square root...the perfect target would have been 1372.37, so perhaps the market is averaging the two ideal values, which gives 1377.01.
FROM ANOTHER TECH
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