Wednesday, April 17, 2013
Equities Confirm 3 Drives: To a Top
This chart is more troubling than the index. Here you have a major consumer staples company, Colgate, with a picture perfect three drives to a top. .618; .618; .618. The most interesting part of this chart, which really deserves a separate post, is the Fractal relationship of the waves. Look at the final wave. It is like one of those Chinese Christmas presents: a box, inside another box, inside another smaller box, ... ... The concentric circles, if they were drawn would line up exactly. The 61.8% is 5:8; 161.8% expansion is 8:5, the 314.2% is Pi. I mean it is exactly Pi, this is amazing!