I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, December 29, 2009

Just a Step Back

I have showed these charts before, but just wanted to give an update on the wave structure for Primary 2. And yes, it looks like it is finishing up.

Few interesting relationships with this count:

-- P1 = 17 months, P2 = 10 months => P2 ~= 0.62*P1 in duration

-- P2 ~= 0.5*P1 in size

-- Int W = 3.4 months, Int Y = 5.6 months => Y ~= 1.62*W in duration

-- Int W = 290 pts, Int Y = 275 => Y ~= 1.0*W in size

There is a lot of nice Fibonacci proportionality happening at the Intermediate and Primary Degrees.

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