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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Wednesday 10 February 2016

BKX call

every now and then the numbers just work out :-)


 

"Sunday, 26 July 2015

BKX

some observations on BKX,the US banking index


BKX peaked at 121,bottomed at 18...............the 61.8% retracement is 81

121 is 11 squared.....81 is 9 squared.....so there is lots going on if you follow the square of 9
121-81 is 40
40 is 33% of 121 (40.3) if you wish to be exact)
81 is 4.5 x 18
there are 7 cycles of 9 from 18 to 81.......7 is a terminal cycle
so 81 is not a level to be taken lightly....we got to 80.87 last week "

http://chartramblings.blogspot.co.uk/2015/07/some-observations-on-bkxthe-us-banking.html



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2 comments:

  1. MP15 February 2016 at 21:30

    I like the analysis, very detailed and clear.

    ReplyDelete
  2. Chartrambler16 February 2016 at 11:24

    Thanks MP....when the numbers line up like that and it works it still amazes me :-)

    ReplyDelete

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