2840 (gold etf) update 20140923

projected downtrend does not work perfectly, so I added another recent downtrend starting from Mar. 2014

Time projection to May 2015 for final bottom this intermediate term



http://blogcity.me/blog/reply_blog_edit.asp?f=Y5FN0M3HNS239764&id=623097

1928 finished wave A

diamond top, retest at 61.65, retraced to .764 level of previous range

A = 1.3333 x A (c) or
0.75 A = A (c)

2.236 x A (c) a' = A (c) c'









Below is a very nice picture of how stock respect fibo at different levels. closes around these levels also count. Plus one weekly signal bottom bar pattern after a decline lasted for months, so...

(in addition to whether .764 vs .786 or .618 vs .666 or .382 vs .333, one can assume either of them in advance if we know nothing of the subject under study. After viewing into the past data, one should know the tendency of which to use or similar/uncertain chance in occurrence)

883 & 939 wk 20140911

 reaction to .886 & downtrend line

(level of top adjusted)

reaction to downtrend line

hsi wk 20140911

contraction and expansion are everywhere...