More on Gasoline Prices
Lynne Kiesling is on fire, with a series of posts on gasoline pricing over at the Knowledge Problem. She has posts here and here showing how gasoline purchases have fallen steadily as a percentage of household income, and she also has a nice summary post about the recent runup in prices here.
She is now headed up to the Boundary Waters - hopefully she is camping the Boundary Waters here.
gary lammert:
One more week for saturation oil and gas prices....
A Completed Fibbonocci Third Growth Sequence on Friday 26 August 2005
The fractal evolution since October 2002 strongly suggests that there are very real and very simple quantum number fractal laws that underlie the macroeconomy. This discovery will be little consolation to the turmoil that is about to unfold over the next decade.
August 24 (Wednesday's) and August 25 (Thursday's) trading days once again demonstrated on a 5 minute unit fractal level, the recurrent precise fractal theme of x/2.5x/2x-2.5x - that pervades the economic universe.
For the Wilshire 5000 the base was about 17 five minute units. The three sequential growth fractals were 17/42/34 of 34 before the fall on Friday morning. The lateral 'skeletonized' evolution of this fractal sequence suggests the final lower (very lower) high is close at hand. Friday August 26 is the Fibonacci 85th day of a 52/130/85 daily sequence dating since August 2004.
1.62 times 52 equals 84.24 days.... If growth sequences follow idealized
Fibonacci related fractals, Monday 29 August 2005 will break lower in
a nonlinear manner. A deluge is coming.
Gary Lammert The Economic Fractalist http://www.economicfractalist.com/
August 26, 2005, 6:15 pm