Where I See Significant Time Symmetry

  • July 16, 2003
  • Derrick Hobbs


It’s crunch time for Leapfrog Enterprises
(
LF |
Quote |
Chart |
News |
PowerRating).
As you can see from the chart below, since March the previous two consolidation
periods lasted 19 trading days. Today was the 19th day of this
decline since June 18. This is a significant time symmetry decision. Again, to
review the case for a long trade:

  1. Bullish Symmetrical Two Step
    Pattern (AB=CD)

  2. Fibonacci price support zone

  3. Time symmetry (19 days)

  4. Time Cycles (5 time cycles
    for potential upside reversal)


I’ll be buying above
Wednesday’s high. Stop below the price support zone.


It’s not easy being green! — Kermit… I wonder
if he was a trader?

Good night!


Derrik Hobbs