PS: This is just a cut/copy/paste of Harshalji's post. Some challenges in the interior decoration of the blog. Will complete it over the weekend.
Q
Fibo time zones are plotted on X axis (price of stocks are on y axis)..they are nothing but superimposition of fibo series on time value...
The fibo series is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610……
The imposition is done for example keep adding fibo numbers to a major top or bottom and u will get reversal points short, medium, or long term....but connect them to ur research as confirmations and not basic frame of analysis..
the date or month or year plus 1 to 7 are clustered and difficult to decipher so generally used after 8th zone as under:-
8th zone = 21 days or periods
9th zone = 34 days or periods
10th zone = 55 days or periods
11th zone = 89 days or periods
12th zone = 144 days or periods
13th zone = 233 days or periods
Now an example
2008 +1=2009 major bottom
2008+2= major top at 6344
2008+3= 2011 should see an important bottom...but
2008+5=2013 ??
1979 nifty birth + 34= 2013
2000+ 13= 2013
now guess 2013 can make ur life or not...comments invited good luck
UnQ
Q
Fibo time zones are plotted on X axis (price of stocks are on y axis)..they are nothing but superimposition of fibo series on time value...
The fibo series is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610……
The imposition is done for example keep adding fibo numbers to a major top or bottom and u will get reversal points short, medium, or long term....but connect them to ur research as confirmations and not basic frame of analysis..
the date or month or year plus 1 to 7 are clustered and difficult to decipher so generally used after 8th zone as under:-
8th zone = 21 days or periods
9th zone = 34 days or periods
10th zone = 55 days or periods
11th zone = 89 days or periods
12th zone = 144 days or periods
13th zone = 233 days or periods
Now an example
2008 +1=2009 major bottom
2008+2= major top at 6344
2008+3= 2011 should see an important bottom...but
2008+5=2013 ??
1979 nifty birth + 34= 2013
2000+ 13= 2013
now guess 2013 can make ur life or not...comments invited good luck
UnQ
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