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extreme low has Sahim on the 358° time angle of cycle #24, same as the extreme high September 3"*, 1929 in cycle #21. The 1929 crash occurred when Satum hit the 360° time angle of cycle #21, then the market put in a major low on November 14, 1929 when Satum hit the 0° time angle of cycle 22 (remember the transition point between cycles 21 & 22?). The extreme low of July 8*, 1932 has Satum on the 60° time angle. All of these market tums were measured from the signing of the Declaration of Independence. I would encourage you to do this type of research! I would also examine time periods from the start of the New York Stock Exchange on May 17*, 1792 and also the beginning of the NASDAQ market of Febmary 8*, 1970. For example, the March 23. 2000 top in the NASDAQ has heliocentric Satum 369.55° from the birth date of Febmary 8*, 1970. The number 369,55 is on the time angle of 358° of cycle #9, the same time cycle angle as the extreme top September , 1929 followed by the crash. Remember that the extreme low on December 12*, 1974 also comes out on the 358° time angle. For the NASDAQ, this is also a transition point between cycle 9 to cycle 10 Oust like 1929). This means that Satum will hit the 0° cardinal angle twice in a relatively short period of time. The first date will be April 5*, 2000, when Satum is 370° from Febmary 8*, 1970 hitfing the 360° angle of cycle #9. The second date will be May 2", 2000, when Satum is 371° from 2/8/70. This is the 0°-time angle of cycle #10. As of March 2001, the NASDAQ has declined over 60% from the date it hit the 358° time angle.



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Why did I choose Saturn? Because Gann regularly describes his "Time Factor" as moving 1° per month. This is the average speed of Heliocentric Satum and is the reason why I use it! Read Gaims description of the Hexagon chart, which is included in the appendix. This chart may have actually been custom made for Satum, as Satum moves 60° in 5 years, which is how Gann describes the Hexagon chart. In another quote, Gann says, "The Master Time Cycle which I have used to forecast every important boom and depression or panic for more than 30 years, will in my opinion accurately forecast the next panic". You should note that the planet Satum takes about 30 years to orbit the Sun. This may have been a clue. Satum is also associated with the word depression.

Fibonacci Ratios

My friend, Michael S. Jenkins uses Fibonacci ratios as square root increments. He primarily uses 0.236, 0.382, 0.50 and 0.618. For example, he will take the square root of a price, add or subtract 0.382, and re-square the result. Just as we have been doing all



along except he uses Fibonacci ratios. If you muhiply these ratios by 180°, you get 42,48°, 68,76°, 90° and 111.24°, which would be the time required for solar longitude to balance these root increments. For those of you who are unfamihar with Fibonacci, we give this simple explanation. The original Fibonacci sequence results from taking the number 1" and adding it to itself, producing the number "2". Next you would add "2" to "I" and produce the number "3". Adding the two previous numbers together creates each new number. The next number would be 2+3 = 5. Then 5+3 =8, then 5+8 =13, etc. The basic sequence looks like this: 1,1,2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233,377, 610, etc. As these numbers progress, the ratio between each number approaches a ratio of i.618. For example 610/377= 1.618 or 144/89 = 1.618. If you take the inverse, you get 0.618, i.e. 377/610 = 0.618. Ifyou skip one number you get 2.618. For example 610/233 =2.618. The inverse is 0.382. 233/610 = 0.382. These are just a few of the interesting mathematical properties that the Fibonacci numbers have. Actually, the Fibonacci ratios are the result of an additive series of any two numbers. In other words, you can pick any two numbers and add them together to produce a third number. If you add the third number to the second number, you create a fourth number. If you add the fourth number to the third, you create a fifth and so on. This series wilt approach the same ratio of 1.618 as well as the other ratios shown. You can do this with any two numbers as you beginning pair Ifyou add the traditional Fibonacci series as years to the August 1982 low, you get: 1983 (1982 + 1), 1984 (1982 + 2), 1985 (1982 +3), 1987 (1982 + 5),



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