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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:38 PM
Original message
The bottom of the market will be around 7800
This is from a Fibonacci sequence and the golden means
economic stock market analyst that I have followed

Don't know if its true but they predicted the bust and other trends.

I sold my 401s on their other suggestions last year at this time.

They don't say when it will reach that but that's around the number they are looking for
the bottom.


TAKE IT OR LEAVE IT.
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thewiseguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:39 PM
Response to Original message
1. Are you talking about tomorrow or just in general?
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:58 PM
Response to Reply #1
13. just in general.... has to do with that sequence of numbers
and within the mathematics of the IChing and astrology, the next numbers below that are around 4300.

Listen, I'm just giving the numbers that came up. Their formula's are such, that I don't
pretend to know the understandings of their mystic numerations.

All I can say is that Pythagorus and the Mayans were not total dummies.

Weird stuff, but so are some of the strange anomalies in math

Just a simple one is on the multiplication of the number 9

each of the sums equal 9

1x9=9
2x9=18..... 1+8=9
3x9=27......2+7=9
4x9=36......3+6=9..... etc. etc...

I just throw out what I heard on the market
we shall see.
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:44 PM
Response to Reply #13
20. Nouriel Roubini says around 7,000...
And he's been dead-on accurate for the last 2 years. And he doesn't use astrology or the I-Ching.

http://www.rgemonitor.com/blog/roubini
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Marsala Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:40 PM
Response to Original message
2. We'll be lucky if that is only TOMORROW's bottom
There's a good chance that the market will go lower than that. Probably not much lower, but it's reached the point where no one has any clear idea at all what the hell it's going to do next.
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:41 PM
Response to Reply #2
3. Tomorrow will NOT be the bottom
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barb162 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:41 PM
Response to Original message
4. A guy on CNN today was mentioning 8000 re the historic PEs
of around 13-15. It was a good comment and he may be right but I think it'll be more like 7000 or less just because of the panic going on now.
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DemoRabbit Donating Member (554 posts) Send PM | Profile | Ignore Thu Oct-09-08 10:42 PM
Response to Original message
5. If you believe the futures we could get below 8000 tomorrow
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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:42 PM
Response to Original message
6. Nope. I predicted on January of this year that 7500 would be seen.
(can provide a link were I was mildly ridiculed over that prediction) but now I revise my prediction downward to 6500.

"Take it or leave it"...
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msallied Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:45 PM
Response to Original message
7. Very interesting...
I'll be keeping a close eye on that. My mom cashed out her 401K earlier this year to make home improvements. I'm betting she's relieved she did that.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:46 PM
Response to Original message
8. Can you help me understand how the Fibonacci sequence works for this?
I only know a little bit about Fibonacci numbers. But I'm hoping to try to grasp how it fits in here.

No rush!
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:53 PM
Response to Reply #8
11. Here:
http://www.chartfilter.com/reports/c14.htm

FWIW, I am skeptical that this sort of "reasoning" is going to get you far in this situation.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:22 PM
Response to Reply #11
41. Thanks for the link, b!
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:01 PM
Response to Reply #8
14. I can't that well
but these guys can

http://goldennumber.net/stocks.htm

My earliest contact with this was the vetruvian man and art
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:13 PM
Response to Reply #14
17. Nice link..... that explains it a little better than me.
It is not who I've been following but it is on the same
general background.

This is purely an esoteric mathematical philosophical conjecture.

Two astrologers also predicted this date today on the market also
using mathematical computer programs on astrology.
Astrology programs use at least calculus, statistics and algebra
to figure out their projections.


AT LEAST THEY WERE MORE ACCURATE THAN KRAMER or FAUX'S Neil Cavuto !.


.......LOL ..... but who isn't?
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:48 PM
Response to Reply #17
21. We'll conjur up Faye Dunaway from "Network".
Sybil the Soothsayer, or Seersucker, or something like that.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:21 PM
Response to Reply #14
40. My intro to Fibonacci numbers was via fractal art
Thanks for the link!
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alittlelark Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:48 PM
Response to Original message
9. I'm thinking 7000 +/- a few hundred.
It's gonna get ugly, but I have to have faith that we will bounce back in 12-15 years.

:crazy: :crazy: :puke:
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lurky Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:52 PM
Response to Original message
10. As much as I like Fibonacci numbers and golden ratios,
I wouldn't put much faith in them to predict the market. The market is driven by external events and and by human psychology. No formula is going to be able to model that, IMO.
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:06 PM
Response to Reply #10
16. I like them too, but this is an example of irrational thinking
Not by the OP, but by anyone who is relying on mathematical phenomena to predict the market. You might be better off to rent 'Pi' and just enjoy the 90 minute head trip. You might just as well start sticking a pin into the bible and look at the number of the chapter and verse.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:15 PM
Response to Reply #16
18. Not really true..... but your welcome to your bible trip

Besides, your political stuff on DU has been disproved many times.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 10:55 PM
Response to Original message
12. You know the last six months I have gotten a fast lesson in
the market and how it works....

Ah the ever so popular fibonachi...

The last one... we went through it today... like in the last hour

And we will reach this before the election I suspect

Ah panic.... is a great thing, when combined with a little chaos theory mixed with some greed
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:01 PM
Response to Reply #12
15. I like chaos theory here. We have come to a "bifurcation point",
and are switching into a new "strange attractor". I'm sort of worried that the climate is going to do that too.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:19 PM
Response to Reply #15
19. The Chaos theory's strange attractor has been discussed within
the individuals that talked about this crap.

Like I said..... its conjecture
but, its better than Kramer and more accurate.

Its still a statistical crapshoot.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:53 AM
Response to Reply #15
38. You had to mention that?
Now sleeping, what is sleeping?
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masmdu Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:48 PM
Response to Original message
22. This is wave 3 of C of a flat..Down to 2002 lows.Then up in wave 4 of C ...then down to DEC 22 then
Up in the epicenter of the larger wave 3

(Elliot wave theory)
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 11:52 PM
Response to Original message
23. "technical analysts" ... the astrologers guiding the alchemists of today
:eyes:
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masmdu Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:00 AM
Response to Reply #23
24. yeah...but it works
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:10 AM
Response to Reply #24
26. The chart I'm following has
Edited on Fri Oct-10-08 12:17 AM by gopbuster
61.8% fib at 9880-- of course we broke that

100% fib retrace set at 7197

Only other thing I see in between there is the 200 month simple MA that is around the 8475 area
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:22 AM
Response to Reply #24
31. Sorry I replied in the wrong spot but I see you are using Elliot wave
are there any elliot charts set up for where we are at on either the SPX or the INDU on the web you know of?
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:22 AM
Response to Reply #24
32. A problem with chartist techniques
is that once enough people are using them, it becomes profitable to move int he opposite direction. See also: apophenia. I am endlessly fascinated by this kind of stuff (enough that my idea of fun is growing the vegetables below) but frankly, you can go nuts in search of The Answer.



By the way, this is an italian caulflower, a hybrid of cauliflower and broccoli. Unfortunately, I haven't found a mathematical key that explains this either.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 11:18 AM
Response to Reply #24
39. I've never heard an astrology fan say otherwise.
:eyes:
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:09 AM
Response to Original message
25. It Would Mean a 38%, 50% or 62% Retracement of the Rally
The question is identifying the valley and the peak -- sometimes it's easier than others.

You would never bet the farm on a Fibonacci, especially when emotion and external events are so strong. Anything can happen. But the market will bottom at some point and it does tell you where to start looking.

A couple of months ago, I suggested here that oil would bottom at $88 a barrel based on Fibonaccis and was told that idea was "ponies and rainbows." Wasn't exact, but too far off either.
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:12 AM
Response to Reply #25
27. We already broke 61.8 at 9880 we cracked 200 month EMA today
Edited on Fri Oct-10-08 12:14 AM by gopbuster
at around 8750 I think
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:12 AM
Response to Original message
28. Someone here said 8600 last week
I thought they were a little pessimistic - whadda I know? :shrug:
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:18 AM
Response to Original message
29. The chart I'm following has
61.8% fib at 9880-- of course we broke that

100% fib retrace set at 7197

Only other thing I see in between there is the 200 month simple MA that is around the 8475 area

What percentage fib retrace are they looking at and why?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:21 AM
Response to Reply #29
30. I gave myself a window to 8500 LOL we will go through that one
on the morning

They should just close it for the weekend... send everybody home

And let the fed do what they need to do... nationalize banks and get the commercial paper unstuck...

(And given recent news they might be thinking this)

The longer they take the worst the crisis will be
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:26 AM
Response to Reply #30
33. I think you may be right ......we are in uncharted territory now
best to just keep cash on the sidelines and let it either wash itself out or work itself out.

There will be plenty of time to reposition or for folks to add more after it settles itself out.

Doesn't help those who have lost though
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:32 AM
Response to Reply #33
35. this is not the time to bail for the hills
in fact, I was looking at Campbells... good P\E and cheap as hell

If you get me drift, for about 20 years to seat on it
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-10-08 12:48 AM
Response to Reply #35
37. LOL...good call...soup is mmmmgooood nt
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:32 AM
Response to Original message
34. I think that sounds about right...
That's about where the market was when all the phony money from the bull shit financial shit started to inflate every investment.
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LaPera Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 12:33 AM
Response to Original message
36. 7802...... do I hear 7803....Get real Swami....
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