The Chart du Jour
Slowly over the past several months, our February 25th subscriber-only article "Measuring Financial Time: The Magic of Pi" has found its way beyond the subscriber-only walls of Sandspring.com. As a result, website SafeHaven.com recently requested whether they could post it.
Now a bit dated in our specific February recomendation that yen-gold represented an exceptional trading opportunity (our gold trading target of $294.50 having since been reached, as well as our short term trading target of 127.35 for yen), but still of great long-term historical interest, we have now released this article to the public in our Earlier articles section.
Per this article, the markets did rally into June (albeit not all the way to the potential 3000 target mentioned back then, and after having plunged a bit further than we thought likely at that time). Our recent tumble now appears to have kicked off a decline that could last all the way into December 2001 --notwithstanding an occasional short covering rally.
It helps to understand the pulse of the market's rhythm. At Sandspring.com, we are not sure we have fully conquered it, but we find the mathematical number pi and the 8.6-month, 8.6-year and 17.2-year cycles it may drive, to be of great value and fascination.
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