Wednesday, 13 January 2010
Ftse time cycles
Ftse is up 44 weeks from the low which is one short of a 45 week cycle.45 weeks is also 0.618% of 73 which is the number of weeks from high to low (and approximately half the square of 144),so we have a 61.8% retracement in time combined with a 61.8% retracement of price. Monday's high was 5600 so we have also achieved a 61.8% quantum move from the 3460 low (3460x1.618=5498)
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keep up the good work James
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