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DRDGOLD Ltd. Message Board

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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....

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    • 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.