Posted on February 11th, 2008 at 1:01 PM
There is a timing technique using Fibonacci circles/arcs that I employ. It involves finding a good vibration scale and then extending the circles out several rotations using the Fibonacci ratios. Then a vertical tangent line can be taken from the edge of the circle to define a point in time. These points are spots to look for changes in trend (CIT).
In the below chart I have the S&P futures continuation contract on a daily timeframe. I have drawn a set of circles from some time back and have been watching the vertical tangent lines for potential CIT. As you can see the previous line marked a top on 10/31/07. The next tangent line comes in on 2/19/08. Depending on the trend in the market as we approach this date I will be looking for a near term high or near term low to be established on or around this date (plus or minus a day).
