.786 retracement of the 7/6/06 high to the 7/18/06 low = 32.79
(point 3 to point 4)
1.0 projection of the 6/28/06 low to the 7/6/06 high, projected from
the 7/18/06 low = 32.83 (point 2 to point 3 projected from point 4)
The market was rallying nicely into this key resistance decision.
Figure 6-20 will illustrate the results.
A high was made in HPQ at 32.76, which was directly within the price
cluster zone. This was followed pretty quickly by a decline of $2.78. If you
look closely at Figure 6-20, you can also see another good symmetry example
in addition to the one that was included in the price cluster zone. How about
the fact that the decline from the 6/21/06 high to the 6/28/06 low was a $3.00
decline, very similar to the decline from the 7/6/06 high to the 7/18/06 low,
which was $2.99? Arally of $2.32 followed this simple symmetry projection.