Google is always a fun stock to analyze (see Figure 11-13). We are
looking at a daily chart of this stock with a confluence of five Fibonacci
time relationships that came due between 2/22/07 and 2/23/07. I have
numbered the highs and lows in this example so that it’s a little bit easier
for you to follow along. All the key highs and lows are also labeled.
1.0 of the 2/1/07 high to the 2/12/07 low
(point 3 to point 4) = 2/22/07
1.272 of the 1/16/07 high to the 2/1/07 high
(point 1 to point 3) = 2/23/07
.382 of the 1/16/07 high to the 2/12/07 low
(point 1 to point 4) = 2/22/07