The Big Boys, page-405

Orwell
I have to say I find your work humbling; I feel (almost!) embarrassed putting my simple squiggles up!
But never daunted.

take out messages for me;
-I have never seen the use of ATH ratios used the way you explain; I have only seen (and use) from lows to highs. You use makes a lot of sense IMO.

-the ratios 75, 76.8 & 78.6%; been googling like mad & I conclude its all a bit esoteric (not sure the right word but seemed to sound right) as in "not that important" at the end of the day. I am interested in levels and when we are talking Low - high a few cents not that important perhaps?

-One ratio that I see hit ALL THE TIME is the magic 50% .... it truly is magical IMO .... or is it? I have concluded after looking at probs 1,000's of charts that perhaps there is just a collective unconscious response from Mr Market that a "50% move" (of anything) is "just about enough". eg if you got a 40% discount it would be good but 50% is almost irresistable ... and maybe no more appealling than a 60% .... just my ramble and random thought??

Anyway just to add strength to the 50% scenario here are the major moves "to my eye" on CAJ on the way down and a few thoughts.

Any more thoughts welcome.

cheers g