Monday, June 16, 2008

Fibonacci Gann Cycle date

Do we go up from here onwards ? Look at this post Fibonacci Gann Cycle date and Stock Market Bottoms
Based on this post and calculations mentioned there for the past two corrections of the Fibonacci Gann cycle, we didn't get a new low today. This means the June 12 low was infact the low of this cycle.
Based on this, we should be only going up till we hit the next cycle low that comes in on Nov 18.

Let us wait and see how the market behaves in the next few days. Historically the Tuesday of the Options expiration week will be very volatile.

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