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socionomics (December 31, 1969 at 6:59 pm)
According to the fibonacci ratio, there are several retracement patterns. At Elliott Wave Intl. however, they have been calling for a COMPLETE retracement of the 2003-2007 bull market by using this theory. Thus, proving them correct.
aluisious (December 31, 1969 at 6:59 pm)
So much for your "recent lows" and a 38% retracement. We are now much lower.This stuff DOESN'T WORK. It's a bunch of horse shit that appeals to quasi-religious greedy people who can't accept that the market is unpredictable.
nbkm7l1 (December 31, 1969 at 6:59 pm)
The recent stock market lows of jan & march represent a 38% retracement of the 2003-2007 bull market. It is also interesting to note that the lows also represent a fibonacci projection level using the high/lows of the first decade of the 1900s....this stuff really works.
zer0nix (December 31, 1969 at 6:59 pm)
maybe this is just too deep for me but i can't help but watch this and think of the law of fives; it's a bunch of bunk. if you go out into a chaotic world looking for one specific pattern, you are going to find it no matter what, someplace or another because that's just the way the human mind works; it excels at finding like and unlike patterns. i'm not convinced that there's anything of value here; in other words, what the hell does all this actually mean?
knuckleheadedfool (December 31, 1969 at 6:59 pm)
(last) I think that fractals work just how they do in nature, in your mind. They all have a beginning and an end. Like our life. As far as the infinitely ascending and descending factors of fractals goes, well, beats me~!
ArcaneKarma (December 31, 1969 at 6:59 pm)
Sorry about people giving you the thumbs down. I disagree with you, but I think theists like you can make a good point on this one.
skylarkio (December 31, 1969 at 6:59 pm)
mundane factors other than rainfall (which relates most specifically to agriculture) play a significant role in 'The Economy'! and less apparent/mundane factors too...its seeming underpinning by the finobacci series makes sense (only now its been pointed out ofcourse!) excellent vid--many thanx
jeester71 (December 31, 1969 at 6:59 pm)
You can try all sorts to explain supply and demand but at the end of the day it boils down to rainfall. More rain means more crops. More crops means more exchange activity. More activity means increased volatility, leading to increased greed (rise) and then increased fear (fall). Crops this year were very short lived, so supply is down and demand is up, thus inflation. Over correction via interest rate swaps leads to recession - like now. Fibo rules have nothing to do with rainfall, am I right?
godscuttingyoudown (December 31, 1969 at 6:59 pm)
you are making the mistake of putting man at the center of the world, what if man is a virus to the planet, and thats why he is expanding to a point when the earth will deal with man by destroying the virus and starting over.
itsacorporatething (December 31, 1969 at 6:59 pm)
Interesting, but the implications that all these economists are giving are frightening to me. They seem to be saying it is a natural law that god set in place with the sequence that says that humans should and must expand exponentially. Anyone with a brain knows this is a misuse of nature! the economic growth they speak of is killing the planet. |
