| | | | | | The EWI Weekly Select | | |  | | | | Web Version | ElliottWave.com | Ensure Delivery | Update Email Preferences | Sign Up | Feedback | | | Firdaus, | Saturday, June 18, 2011 | | | | | | 
| Happy Phi Day on 6-18, EWI's Favorite Phi-nancial Forecasting Day | | | | | June 18 is upon us, and that means it's time to celebrate that most beautiful of numbers, .618, otherwise known as phi (pronounced 'fie') or the golden ratio. Like pi (3.14), phi is no simple number. As Bob Prechter explains in his book, Beautiful Pictures: | | | "The Fibonacci sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, and so on. It begins with the number 1, and each successive term is the sum of the previous two. The limit ratio between adjacent terms is .618034…, an irrational number variously called the 'golden mean' and 'divine proportion,' but in this century more succinctly 'phi' (φ)." | | | | | We celebrate Phi Day on June 18, since 6-18 is the simplest way to show .618. Our fixation on phi has to do with the Wave Principle's relationship to the Fibonacci sequence. The discoverer of the Wave Principle, Ralph N. Elliott, realized the connection between the two, thanks to his publisher, renowned investment advisor Charles Collins, who first saw that the waves seemed to be based on the Fibo sequence. The key is that 5 waves up and 3 waves down equals 8 waves, three numbers in the Fibo sequence. Learn more about phi with these two resources: | | | | - An article that originally ran on FoxNews.com: "Happy Phi Day -- Perfect Day for Some Phinancial Fun"... More>> | | | | - Our EWI Phi Day page, which includes many special deals on our Fibonacci books and other resources ... More>> | | | | | | |  Many happy returns of Phi Day,
A. Cassandra, your resident EWI correspondent | | | | | | |
| | | | | | | | The Misery Index and What Leads Directly to a Depression? | | | | We have been clear for a while that the economy and the financial markets are headed toward tougher times. As if to confirm, CNBC reports that the Misery Index has hit the lowest point in 28 years. Our writers have covered lots of territory this week, so here's a round-up for you to peruse: | | | - What Leads Directly to an Economic Depression? Find out whether it's mounting debt, plunging home prices, high unemployment ... or something else. More>> | | | - Dividend Yields: A Major Sign of the Long-Term Trend in Stocks. Investors accept low dividends at market tops. Have you checked dividend rates lately? More>> | | | - Alan Greenspan: Did He Really Save the World? Remember the Time magazine cover that claimed that Greenspan was part of the three-person committee that kept the world safe from economic ruin? Hmm. More>> | | | | ~ ~ ~ ~ ~ ~ | | | | | | Live Webinar June 28, Compliments of Beacon Learning Group | | | | If you're interested in personalized one-on-one coaching when you trade or invest using Elliott wave analysis, you may want to sign up for a complimentary webinar with Beacon Learning Group. The webinar, which will cover "A 5-Point Checklist to Help You Identify High-Probability Elliott Wave Trades," will be held on June 28 at 11 a.m. Eastern time. So that we can send you the instructions on how to attend this live webinar, please register here with your email address. Details>> | | | | | | | | | | |
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