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Re: simplegreen post# 98553

Friday, 06/01/2012 10:01:28 AM

Friday, June 01, 2012 10:01:28 AM

Post# of 140146
Yes, today was the day for reversal. There's a very peculiar pattern on weekly GU if you look close.

Two sets of .854 followed by .786. On the bottom side we had .447 after the first set which is the 2.236 inverse (square root of 5) and then a .707 inverse of 1.414 (square root of 2). Now after the second set we have a .5 going all the way back to 2008 which is the square of .707. I think there's a good chance of 1.67 from here which would be the 1.414 extension of this last drop.

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