Last but not least, I need to determine what projections I can run for
possible support. In this case, I see that I want to run only the symmetry
or 1.0 projections of the prior declines in this bullish swing, since the
4/12/07 low was made at 12487. I’m running only these 1.0 projections
rather than the 1.618 ratio as well, since I only want to compare the prior
corrective declines with any new decline. In Figure 6-6, I have labeled the
prior declines that I am going to measure and project from the 13173 high.
The results of these projections are illustrated on the chart.