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Theodore, Saskatchewan | A target I like in beans is 1510. Where did that come from......
Well this is what I took from Gann's work and the Fib sequence....Fib number is 144 but using Gann's idea of natural fractals you can apply it as increments of 140 (pretty close). Of course this can be split into increments such as 70 or 1/2 a move of the natural fractal.
I had mentioned earlier this year that from the December low to the September high in beans on a daily chart it was close enough to 700 or 5 increments of 140. Which happens to also be the exact size of the 1974 rally just a different starting point.
So if we moved up 5 increments and pulled back 3 increments of 140 what would be the target.......1374 (a drop of 420). Interesting if we were to bounce one increment of 140 before dropping 3 increments once again to end up exactly where we started.
jpartner this does correspond to andrew's work in that you have lines of action and reaction. So I put the lines on a daily bean chart so you can have a look and see if anything interesting happens around the lines.... THE LINES ARE 70 POINT INCREMENTS CENTERED ON 1440.
Just fun with numbers and charts.... had me thinking so I thought I would share
Edited by maydel 12/6/2012 14:29
 (1-Fullscreen capture 05122012 41310 PM.jpg)
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 1-Fullscreen capture 05122012 41310 PM.jpg (38KB - 30 downloads)
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cole sibley....chart update
