This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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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 "
I like the analysis, very detailed and clear.
ReplyDeleteThanks MP....when the numbers line up like that and it works it still amazes me :-)
ReplyDelete