One day out of the blue it will change like March 13 2003.
March 13 2003 and the price was evident weeks to months before it arrived, so it didn't arrive unexpected.
Not only was March 13 2003 exactly 392 cal days from the 2002 bull market high, which is exactly 1 leg of an Armstrong cycle, it was also 2X1884 cal days from the Nov 1992 low or the exact previous cycle changes on the 62 month cycle since 1982 major low.
Of course it was hard to get the exact low on the day.
An equal measure of the previous rally suggested the SPI low should be 2678 but the 670/1340 lows from prior years suggested 2680.
Damn it, the low price was 2679, right between the two numbers, so both were out by a whole point.
I wonder if the US FED or local fund managers had stepped in earlier would they have changed all that.
In your dreams, lol.
Not having a go at you Mongo as I respect your work, but it gave me a chance to have a spray at those who think markets aren't predetermined.
BHP Price at posting:
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