TM Toyota, March 3, the importance of Fibo

TM march 3

This is Toyota, arguable 5-waves up. We have recently heard that Berkshire’s income dropped by 62% and that AIG’s biggest loss ever was 61.7 Bln. This Fibonacci number 61.8 and the reverse 38.2 occur so often that it pays to anticipate them.  The high on Toyota was 140 and they are asking for a hand-out as well. Now we see the line but would like more of a cluster of points. We can get one more , 140 0.382 = 53.48 , looks pretty well precisely where the line runs. This does NOT imply that the drop will stop there, but is does imply that the probability of the drop halting there is appreciable better than otherwise.