Figure 10-10 shows a low-to-low cycle with the ratios projected from
an intervening high. The low-to-low cycle was from 2/9/05 to 5/16/05
and lasted 66 trading days. The intervening high we projected from was
4/4/05. Again we projected forward in time from the 4/4/05 high using
the ratios 1.0, 1.272, and 1.618. Only the 1.0 cycle was worth something in
this case. A tradable high was seen on the exact day that cycle hit. Note
that the low-to-low swing from the 2/9/05 low to the 5/16/05 low was
exactly the same length (66 trading days) as the swing from the 4/4/05
high to the 7/7/05 high.