Fibo & Geometry

[soylent]

Hi Ted -

How do I read those charts?

Thanks!

-c

[tedk]

The charts are a condensed version of the Gannwheel showing key numbers only (I hope).

The content is basically the same as the wheel as show below but only the crosses are shown. The first visible circel of the wheel can be shifted to further reduce the amount of numbers on display, ie see the corresponding darkcolored boxes around 1159 of the wheel vs the chart

The start in the chart can be shifted 0-45 degrees to meet the numbers not on the standard crosses, ie a shift of 11.25 degree would move 1162 into the 1159 box.

The setup of the date wheel is the same. Calender days added to the startdate.

Date and Price of the both major lows were taken to start the wheel counting. Both counts endup coming weekend with (multiple) 45 angle between Price and Time.

The count starting from 1031 from 21-11-03 (not shown) has a 180 degree on 1157 today.

3 different counts endup this weekend with a square in Price and Time.

CIT?

[fabrizio]

[tedk]

This is the wheel as posted on january 27. 1163 took a lot more time then expected.
Main question now is will 1175 will be next? A Bradley turning date and full moon might turn it down.

[soylent]

Ted -

That's really bizarre. I love bizarre stuff like that. This is all in the GANN books?

As for the next point: What would the next point possibilities be?

Thanks!

-c

[tedk]

Using the Gann trend line from 1032 on the daily a full wave can be counted (red).

Assuming 1162 is the high then the move down must be impuls.
Impuls it is in the 15-min from 1163 down, and the following choppy bit is clearly corrective. Nice bear flag. Sofar the first move confirms expectations.
However, the retrace seems to flag something else too. In order to keep the (larger) move impulsive, max retrace should be 68%. The red retrace has been above it, suggesting the current wave down is some form of (large) corrective structure.
One possibility for a major down case is that the first 5 down finished 1154 instead of 1152. In this bleu retrace it is more or less within limits of 68%, but not very clean.

Odds suggest a large wave 4 has started. Confirmation of this wave 4 is when everybody is loosing trek of price movement in the coming days/weeks.

Monday breakaway gap?

Other esoterics to confirm bear case, anyone?

[tedk]

Originally posted by soylent
Ted -

That's really bizarre. I love bizarre stuff like that. This is all in the GANN books?

As for the next point: What would the next point possibilities be?

Thanks!

-c

I learned more via the Internet then from his books.
Did a lot of trial and error. Started a sq9 with price and time in the past and walked the wheel looking for hits.

What's next? partly see earlier post. SP seems to point that, However, mid feb there was a potential turn date but that did not work.
Further more, Europe does not seem to be ready for a decline (yet?).
Obvious, each individual market goes its own way, but Europe and the US have there similarities, ie, despite a multi-month dollar decline
both Europe and US indexes went up in "harmony".
Europe looks in a corrective fase since 26-1-03 and has not been able to break that high, whereas US did.
Both could be in a B wave and just started a C down finishing a 4.

[fabrizio]

[tedk]

Will it hold?
Go Bulls, go for it

[tedk]

1141

[tedk]

Let's start a new SQ9. The previous one was specifically setup to monitor the last wave up from 1031.
1163 seems a good start for the next wave to monitor. Down this time.
Initially, support/resistance is at nearly ever point of the index. But soon it will become more specific in the same way as it was on the way up.
The SQ9 up from 1031 will not be completely out of order. Like 1141, previously support area. On the way down, quickly taken down to the next level.

[tedk]

1102.61 was close enough. Now 50% retrace?

[tedk]

The right chart is the daily from july 2003 upto now. The "christmas" gap is left open and price stayed within the aug-nov regression channel.
On the left is the Gann trendline of the 150-min timeframe. The daily trendline sofar is 1 line without information
Strange things in the structure.
First wave down is not a 5 wave and it will be difficult to make it 5 wave because 3 is never the shortest.
So probably corrective. Alternatively, the second 1-5 could be part of an irregular correction.
But also look at the last waves up before the high: 7 waves.

[tedk]

The 50% fibo retrace to 1133 was too far away. Instead a 38% to 1125.
Bottom at 1087. Now at 62% fibo retrace at 1111 closing the gap of 22-3
A good gap up in the open is needed to overcome this level.

[fabrizio]

tedk

This thread ha sbeen created by miself and Chris in order to post Charts with different approaches.

The large number of charts are all self explanatory and of a certain interst.

Sometimes even post a SQof9 could be of some interest, but not at all post 90% Squares and the rest Charts.

For the sake of this thread that was used to be oone of the most appreciated of the entire BB, could you please post more charts and less Squares?

Thanks a lot.