Phi dates (based on Fib analysis )have been reasonably accurate recently. Currently they suggest Top: Phi turn date ~ Oct 5-10th down into Phi turn date ~ Nov 15-20th which should be a turn up into a rally, maybe a large year end rally. ST I am bearish, bullish after that time to year end. My experience is that Phi dates are about 70% accurate on dates of turns, 90% on direction which is a reversal of the prevailing trend at the turn date. Just another indicator that helps to feel out the trend.
Gold and oil is buy under all conditions. Not sure about bonds, holding puts currently. Best, Islander
Phi mate turn dates
Started by
Islander
, Sep 23 2007 06:42 PM
1 reply to this topic
#2
Bob-C
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- Traders-Talk User
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Posted 23 September 2007 - 09:52 PM
Thanks for the heads up Islander.Phi dates (based on Fib analysis )have been reasonably accurate recently. Currently they suggest Top: Phi turn date ~ Oct 5-10th down into Phi turn date ~ Nov 15-20th which should be a turn up into a rally, maybe a large year end rally. ST I am bearish, bullish after that time to year end. My experience is that Phi dates are about 70% accurate on dates of turns, 90% on direction which is a reversal of the prevailing trend at the turn date. Just another indicator that helps to feel out the trend.
Gold and oil is buy under all conditions. Not sure about bonds, holding puts currently. Best, Islander
Cheers.
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
