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TFC Commodity Trading Forum

Re: longterm Au...tempus fugit

Wayne,

I was going to do the fibonacci retracements of 50% and 62% on your chart. The top is obvious,
but where would the low be taken from. The 2008 low at approximately 700, or going all
the way back to the 2002 area of about 280. Well just doing some eyeballing of the chart,
and some rounding looks like a 62% off the move from 700 comes in around 1162, and the
50% and 63% off the move from 280 comes in around 1115 and 900 respectively. Like I
said lots of eyeballing and rounding, and my eyes are not as good as they use to be.

I'm ruling out the 100% retracement. Thought there was a 75% fibo, but then I googled it
I did not see it in the definition. By the way I like the fact that esig can get you all the way back
to the year 1999. Makes me think of partying like its 1999, and that we servived y2k - whew that
was a close one.