Mup, do we have a "Rule of Three" for Market Reversals ala Gann at work here? Whether this is the beginning of a (B) or P3, this decline could be significant tradeable move for sure!
There's over 3 time divisions relating to the square, cube & circle ... Its not often you get such numbers..... Just have to wait and see what next week brings
Mup, can you break the 46.1% down for me because I am lost trying to calculate it. Are you using closing or intra-day prices on the SPX?
Ooops... I must be getting old I was going off of the March 6th closing low at 683.38 Thanks! Might have to load up on some SDS here at $47.40
I haven't even got there yet, but I'm just about to head out the door my friend for Happy Hour! If you see anymore relationships in the making, post them up over the weekend. I will be around. PS. The S&P Bullish Percentage ($BPSPX on stockcharts) closed today at 73.60 +1.00 http://stockcharts.com/h-sc/ui?s=$bpspx
Bloomberg has 987.48 for the 31st July close. March 9th Close is 676.53 =46% difference (45.95) 46 x 3.14 (pi) = 144.4 ( 144 is f12) Pi & Phi 3.14x3.14 (squared) = 987 (9.869) 987 is f16 in the sequence. Any errors...... Blame the Mount Gay :eek:
Crude Oil won the race to new high . EUR is following. SPX is still waiting. May reach $73, $1.45 and 1060 respectively . Have a nice weekend everybody .