Figure 11-9 illustrates the price cluster of Fibonacci relationships that
coordinated beautifully with this last timing setup on the Dow. As the market
was trading down into a key price support zone at the same time that
timing parameters were calling for a possible low to develop, you certainly
would have wanted to look for reversal signals to the upside. Avery healthy
rally was eventually seen from the 5/12/04 time and price low.