Jerry check out this market data. May 10th, 2007 is the fourth phi mate turn date of 2007. Here is how each has performed:
The first Fibonacci phi mate turn date for 2007 targeted January 22nd, 2007. It ended up being a bottom, which led to a significant top in the Dow Industrials. The turn occurred precisely on the predicted January 22nd (we do allow a +/- variance of a few days of these turn dates, but this one didn't need any cushion), at a closing price of 12,477.16 (phi mate turns are based upon closing prices). The Dow Industrials then rallied 318.77 points to a then all-time high of 12,795.93 on February 20th, 2007.
The second phi mate turn date of 2007 was predicted to occur on March 12th +/- a few days. It ended up being a minor top. The turn occurred precisely on March 12th, at a closing price of 12,318.62 (phi mate turns are based upon closing prices). The Dow Industrials then fell 379 points to 11,939.61 on March 14th, 2007.
The third phi mate turn date was schedule for March 20th, 2007 +/- a few days. It actually occurred 2 trading days sooner, on March 16th, 2007, and was a significant bottom, at 12,110.41. Since then the Dow Industrials rose 1,258 points.
The fourth was scheduled for Thursday, May 10th, and it saw an immediate 147 point decline. Our phi mate turn dates are an amazing compliment to our bread and butter Demand Power/Supply Pressure stock market trend analysis.
Phi mate turn date analysis is a form of cycle analysis, which is only presented by this newsletter service. We don't trade off this, alone, however it is extremely helpful in knowing when our powder should be dry for a potential tradable turn. If our key Demand Power/Supply Pressure and other key trend-finder indicators trigger new signals near a phi mate turn date, then we have a high probability tradable trend turn on our hands. The phi dates give a heads up of when we might get other signals.