Market Timing: Counting Days Between Lows and From a High
And we have a low here.
This high in here,
I told you in the previous video that we were unfolding a
high
before we started the breakdown.
Let's look at something that's pretty fascinating.
If you take this day here, count this as one,
two, three, four,
five, six,
seven, eight, nine, ten, eleven, twelve, thirteen,
fourteen, fifteen, sixteen, seventeen, eighteen,
nineteen, twenty, twenty-one, twenty-two, twenty-three, twenty-four,
twenty-five. Twenty-five days, okay, on the
daily chart.
Let's take that number,
okay, and we're going to multiply that by one point two eight.
Okay, so we should arrive at thirty-one
point two five. Always round down, so we arrive at thirty-one.
So we're basically be counted
from low to low.
Okay, we arrive at twenty-five. Multiply it by one point
two eight.
Okay, that will give us thirty-one.
Now we take the high in between the two lows.
Here's the high here. Count forward thirty-one from there.
Counting one here.
One,
two, three, four,
five, six, seven, eight, nine, ten,
eleven, twelve, thirteen, fourteen, fifteen,
sixteen, seventeen, eighteen,
nineteen, twenty, twenty-one, twenty-two, twenty-three, twenty-four,
twenty-five, twenty-six, twenty-seven, twenty-eight,
twenty-nine, thirty, thirty-one, guys.
You see that right there?
Thirty-one.
That means...
I know probably some of you are
freaking out right now.
End of transcript · 232 words