The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Wednesday, December 31, 2008
Crude Oil bounce at uncommon .75 node
The .75 node is a "minor" node usually..can't be sure if this has any power or not, usually they don't...
Hopper, I just wanted to mention a quick study I performed last night. On a random sample of 37 analysis I've done recently, 16 had major bounces on a .500 node, 8 had a major bounce at a .75 node amd 13 had a major bounce or trend change on a 1.00 node. So the ratios of occurances are something like 2.0 => 1.0 => 1.6 for the .500, .750, and 1.00 nodes respectively. I suspect these relationships, which look Fibonacci, would hold up for larger sample sizes...This is why I regard the .750 as a "minor node" because they are a lot less frequent then the other two...
5 comments:
Thanks Mark,
It is hard to tell if any bounce is happening yet from the graph. But maybe that is what it is saying...
From the trend line about 80 should be the price... OPEC stated a few months ago that oil should be at 70 and the rest was speculation..
Best of the New Year to you.
Hi Mark
The best to you this new year
Thanks guys!
Mark L.
Hopper,
I just wanted to mention a quick study I performed last night.
On a random sample of 37 analysis I've done recently, 16 had major bounces on a .500 node, 8 had a major bounce at a .75 node amd 13 had a major bounce or trend change on a 1.00 node. So the ratios of occurances are something like 2.0 => 1.0 => 1.6 for the .500, .750, and 1.00 nodes respectively. I suspect these relationships, which look Fibonacci, would hold up for larger sample sizes...This is why I regard the .750 as a "minor node" because they are a lot less frequent then the other two...
Just for general information...
Regards,
Mark L.
Thanks Mark
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