Fibonacci seems to be misunderstood.

[Costa]

MrEMC2 if you are here... On the other place you wrote...

'The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
For unknown reasons, these Fibonacci ratios seem to play a role in the stock market, just as they do in nature.'

The sequence are not the ratios mate. The ratios are derived numbers. For example, the Golden Ratio is after the eighth sequence of calculations, there are constant mathematical ratio relationships that can be derived from the series. Starting with the sum of the eighth calculation (34) as the numerator and using the sum of the ninth equation (55) as the denominator, the result yields 0.618.

34/55 = 0.618181 ~ 0.618

Repeating the process, the next division of the ninth calculation (21+34=55)
and the tenth calculation (34+55=89) equals 0.617978 or 0.618.
55/89 = 0.617978 ~ 0.618

In the inverse calculation of these numbers, the same rules apply. After the eighth calculation, use this sum (34), but in this case as the denominator, and the sum of the ninth equation (55) as the numerator. This inverse calculation yields 1.618.
55/34 = 1.676471 ~ 1.618

Repeating the process, the next division of the tenth calculation (34+55=89) over the ninth calculation (21+34=55) equals 1.618182 or 1.618.
89/55 = 1.618182 ~ 1.618

These mathematical relationships remain constant throughout the entire Fibonacci series to infinity.

However, there are other ratios used.

Primary Ratios:
(Directly derived from the Fibonacci Number Sequence)
0.618 = Primary Ratio
1.618 = Primary Projection

Primary Derived Ratios:
0.786 = Square root of the 0.618
0.886 = Fourth root of 0.618 or Square root of the 0.786
1.13 = Fourth root of 1.618 or Square root of the 1.27
1.27 = Square root of the 1.618

Complimentary Derived Ratios:
0.382 = (1-0.618) or 0.6182 which is also 1 - 0.618
0.50 = 0.7072 / 0.707 = Square root of 0.50
1.41 = Square root of 2.0
2.0 = (1+1)
2.24 = Square root of 5
2.618 = 1.6182 squared
3.14 = Pi
3.618 = (1 + 2.618)

[Mremc2]

Costa thanks. I like the patterns and interesting facts but the mathmatics are a little beyond me. I was looking at this link:

https://www.investopedia.com/ask/answer ... cement.asp

Tongue in cheek I started refering to the 'Fibanacci train' way back when we were zooming up to 38p - then it seemed like no stopping the train to 144p until we hit the buffers from the first Scallywag drilling results.

We know the fundementals are pretty good at Haverion so I expect to see a second wave for the GGP share price al a Lassonde. If it rattles along like the Fiboncci numbers that would be fantastic.

Serious technical analysis I leave to you and others. ATB Mremc2

ps there was a very interesting programme on Radio 4 about Pi but perhaps we getting too far away from GGP!!

https://www.bbc.co.uk/programmes/m001brmv

[Costa]

Thanks Mr EMC2,

I am partial to the odd podcast / radio show discussion. I may check that out.