Wednesday, April 23, 2008

energy markets




Here is unleaded gasoline, I computed the two charts from the swings shown in the regular chart...Gasoline is topping, and the 1.00 node in the first chart is ideally at 5/15/08 and the 1.5 node in the second chart is ideally at 4/21/08 (meaning of course we're past that date). So the top is in the neighborhood of from now to the next 3 weeks..

Actually given the AB=CD type Fibonacci math, you could argue that we've reached the top now, and the 4/21/08 date was the correct date and interpretation. Targets that are computed that way come out to 3.00 and 3.08 dollars a gallon, so as I say, we may be there..

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