During his initial experiments with technical analysis, Vivek used Fibonacci Ratio to project Sensex low of 1980, which was 15% lower from the existing levels. Index did hit 1980 exactly within 26 trading sessions. Here is the Newsletter which was circulated among ASA users.
![](http://vivekpatil.com/presentations/1980.gif)
![Projecting 1980](/system/files/1980.gif)