Panera Bread Declination and Retrograde

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The following chart is the monthly progress of PNRA and is not displayed in logarithmic scale. The bottom of the chart displays the heliocentric declination of the asteroid Vesta. Vesta was discovered March 29th 1807 and is 500 km in diameter.

The upward sloping planetary fans utilize the heliocentric orbit of Jupiter with a 4x1 Gann Multiplier. The downward sloping planetary fans again use the heliocentric orbit of Jupiter but with a 8x1 Gann Multiplier. The vertical grey colums display the periods of Saturn's retrograde.

This chart clearly displays the correlation between Vesta's maximum north & south declination and the turning points in PNRA. At the label "A" we see that PNRA has reached a Fibonacci price target of 161.8% while Vesta is also at its maximum northern declination (labeled 1). From this point price peaks and continues to sell off as Vesta reverses course and begins on its orbit south. Price bottoms at the point labeled "B" which occurs at a 61.8% retracement of the entire move up. This bottom in PNRA also occurs as Vespa reaches its maximum southern declination and reverses course (labeled 2). Price then begins to rally for 2 years as Vespa begins to orbit north. The point labeled "C' (77.90) is the Fibonacci target. It is important to notice that the major price pivots labeled 'A", "B", and "C" all occured when Saturn was in a period of retrograde. I apologize for talking in past tense regarding the pivot "C" because it hasnt occured yet. This leads me to the actual forecast.

Price is forecasted to reach 77.90 on March 15, 2010. The week of March 22-26, 2010 is expected to mark the beginning of a new downtrend in PNRA. The Key Reversal date is March 22, 2010. The price target for this decline is $45.42

PNRA is expected to reach $45.42 near June 10, 2011 (labeled "D") if it falls at the same rate of decline as the drop from labels "A"-"B." Again, the A-B decline is the 8x1 Gann multiplier of Jupiter's Heliocentric Orbit. The $45.42 price target would be reached as Vesta reverses course after meeting its maximum southern declination (labeled "4").

$45.42 is derived using the Fibonacci extension of 78.6% the length of the A-B decline. This price target also has confluence with a Gann target of $46.65 which is 360 degrees down from $77.97