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DRDGOLD Ltd. Message Board

  • HIGH DJ

    14-Jan-00 11,619.35 11,908.50 11,506.42 11,722.98 10,859,000 11,722.98

    LOW DJ

    7-Oct-02 7,528.68 7,685.42 7,368.46 7,422.84 15,765,000 7,422.84

    HIGH FEB 2004

    11-Feb-04 10,605.48 10,779.40 10,561.55 10,737.70 16,993,000 10,737.70


    That is a 77% retracement.

    It suggests either that we ought to go back to 100%, or that we strongly overshot a normal retracement.

    Let me look at the S&P numbers as the DOW 30 cheats by changing components all the time..

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    • Just playing around with your posts and some numbers here. Probably doesn't mean anything, but it's kind of curious.

      DOW Retracement 77%

      S&P Retracement 48%

      Nas Retracement 26%
      __________________________

      Total 151

      Total divided by 3 151/3 = 50.33%

      Interesting Fib number huh?

      Probably no significance....

      • 1 Reply to jermarge2000
      • NAS

        10-Mar-00 5,060.34 5,132.52 5,039.35 5,048.62 19,921,700 5,048.62

        9-Oct-02 1,117.14 1,135.89 1,112.08 1,114.11 17,557,300 1,114.11

        26-Jan-04 2,120.56 2,153.83 2,115.34 2,153.83 19,460,500 2,153.83



        Nas indeed 26%. I came up with DOW 77% and S&P 55%, but the average would be the same..

        You should use a weighted average in terms of market cap but I get your meaning.

        Basically we are saying the overall market retraced about 50% and that may be a good number to accept as a FIB to stop and trun around....

        Tx for that thought.

 
DRD
2.60-0.06(-2.26%)Aug 20 4:01 PMEDT

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