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To help you guide investments

Advance Decline Line

• Measures on a broad scale whether stocks are going up or down.

• A gage of the of the health of the market

• The best measure is pure stocks

• Exclude preferred stocks, closed end bond funds like Nuveen.

Total NYSE Adv Decl Line

NYSE Common Stock Adv Dcl Line

Dow Industrials Adv Dcl Line

Barron’s Market Lab Section

Leonardo Fibonacci

Fibonacci, 1170 to 1250 AD

• Responsible for spreading the Hindu-Arabic numeral system.

• Numerical sequence is named after him

• 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, etc

• Golden Ratio 1:1.618 or 0.618:1

Stock Market Applications

• Price Retracements / Targets– Classic 38.2, 50, 61.8 + Others

• Time targets– Classic 0.618, 1, 1.618– 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, etc.

• Elliott wave Time & Price Projections– Wave time and price relationships