The baseline time tick is in red color with a circle. Time duration (1.00) is 324 trading days.
Time ticks based on some less frequently used Fibonacci ratios, such as 0.191 (0.382/2, 61.884 days) and 0.0955 (0.191/2, 30.942 days) can mark the peaks and troughs frequently, however, not every time tick marks a peak/trough. Otherwise, it would be too easy. the peak and trough may alternate.
For examples:
7 (green color)(0.191 based) maps a "peak"
15(red color) (0.0955 based) maps a "trough"
(1) Tick 39 (0.0955 based = 3.7245 = 6 * 0.618)
Obviously, tick 39 (red color) * 0.0955 nails a major high correctly, the NAS Comp. recent high is 2724 on 07/19.
(2) Tick 20 (0.191 based, = 3.82; equals tick 40 with 0.0955 as base)
Let’s see if tick 20 will nail an interim trough/peak, it is 30.942 trading from 07/19, date to check is August 30/31 +/- few days. The coming Bradley Turn date is August 26.
(3) Tick 41 (0.0955 based, = 3.9155)
Tick 41 is 61.884 trading days from 07/19, on Oct 15/16. Bradley Turn date is Oct 17. Could be a significant low; As comparisons, tick count 31 (0.0955 based = 2.9605) marks a major low and baseline tick 3 nails a minor low. tick count 21 (0.0955 based = 2.0055) is too close to baseline tick 2 so both nail a major low.
(4) Baseline time tick 4 (1.00 * 4)
it is 324 * (4 - 0.0955 * 39) = 89.26 trading days from 09/19, extends into November.
I think the FIB ratio 0.0955 based time tick is a more valuable prober, it gives you a rough sense what lies ahead.
According to http://www.amanita.a...q/e-bradley.htm Bradley Turn date:
8/26/07
10/17/07 (most important date)
Edited by stanely, 06 August 2007 - 04:29 PM.
