FIX TO 1764 POSTING

FIX TO 1764 POSTING

from http://squareofnine.blogspot.com/ about Jesse Livermore, the person Jim Sinclair sighted when he talked about the basis for 1764:

For a major change in trend an 80% increase must occur, from the latest low, not 162% from the one before it.

Major trend indicators come from:
* 6 (approximate square root of gold price in 1971)
PLUS
* XY (gross trend changes up in price for gold minus gross trend changes down in price for gold)
* multiplying 6+XY by itself.

TIMELINE:

1600 - (40 * 40) major trend indicator that was in place until gold closes above next major trend indicator of 1681 (41 *41)

1621 - 2nd latest closing low, 1 aug 2011
1680 - 2nd latest closing high, 4 aug 2011

1660 - latest low, 5 aug 2011
1681 - (41 * 41) major trend indicator in place until gold close above next major trend indicator of 1764 (42 *42)

1724 - latest closing low plus 80% (beyond "death zone" ending at 79% making a major change in trend possible)
1740 - latest closing high, 9 aug 2011

1764 - (42 *42) major trend indicator to be in place until gold closes above next major trend indicator of 1849 (43 * 43)

SOURCE:

‎1764 - I finally worked out the math; closing at 1764 is a major trend indicator; there have been many since the dollar was allowed to float in 1971; most up; some down; net number of ups is 35; gold started at almost $36; square root of $36 is 6; 6 + 35 net major trend indicators up is 41; after next major trend up it will be 6 + 36; 6 + 36 = 42; 42 times itself is 1764 (reference http://squareofnine.blogspot.c​om/)

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