had a “google hangout” w/ JC today and we zipped thru, easily, 6 different asset classes from stocks, commodities, single stocks and currencies in roughly 10 minutes.
“check this out – boom boom boom” and “blah blah blah” – and we were done.
question .. how long do you think it would take non-chartists? hours …? just saying.
anyway, we took at look at long term soybeans and what we need to focus on is the POWER of a MEASURED MOVE on a long term chart. in the chart below you’ll see blue and orange arrows. they represent the MAXIMUM correction of Soybeans on this 40 year old chart.
folks, when you have a LONG TERM measured move that sits right on a .618 retracement – you have high probability. If you don’t believe me … just look at the chart.
every major correction has either been a blue or orange arrow …
W H Y ?
the Vesica Piscis of course (the bladder of the fish)
so, look folks, you can believe me or not … but – HONESTLY – I chose the black dashed move to being the construction of the Vesica Pisces for this long term soybean chart. And, because I believe in my edge – and w/ full disclosure I had NEVER done this for Soybeans I constructed the VP from that one corrective move from 1988-1991.
as you can see below I built the picture above and then ….. use sacred geometry to measure the fractals of the square roots of 2,3,4,5 which are represented by pink/black/blue/orange arrows and then transposed them to PRICE in the lower right hand corner.
and, guess what … see that black arrow? THAT is what created the measured moves above … and, additionally, as you can see, I used the orange arrow from the low in 1999 to the EXACT high in 2012.
now, believe it or not, you can use any major swing .. they are all related from a proportions and fractal point of view. I trusted my eye and looked at where this correction was occurring and trusted my “hunch” that this was the right vector to use as the seed.
if you get the chance … use the vectors as time. (hint hint)
The mathematical ratio of the width of the vesica piscis to its height is the square root of 3, or approximately 1.7320508… (since if straight lines are drawn connecting the centers of the two circles with each other and with the two points where the circles intersect, two equilateral triangles join along an edge). The ratios 265:153 = 1.7320261… and 1351:780 = 1.7320513… are two of a series of approximations to this value, each with the property that no better approximation can be obtained with smaller whole numbers.
21:11 Simon Peter went up and drew the net to land, full of large fish, a hundred and fifty-three and although there were so many, the net was not torn.