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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


Sunday, 7 March 2010

Harmonic ratios



Bryce Gilmore in his book Dynamic time and price analysis of market trends,says that harmonic ratios are just as important as Fibonacci.Harmonic ratios are generated from the diagonal relationships of the square and are important in music.I have put an important harmonic ratio,0.707,on the Dax chart and was interested to see where it came out,close to the 100% alternate range projection.On the Nasdaq100 we are at the 0.707% retracement of the preceding bear market.Nasdaq is the market to watch as it seems to be leading on the upside.

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