XJO 0.50% 7,971.1 s&p/asx 200

the base metals rally is nearly over, page-9

  1. 17,444 Posts.
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    X_Tex

    Ignoring the Chinese fundamentals, history suggests a decline into Octoberish.

    If anyone wants to look at Olympics and market action, they will be very disappointed.

    Olympics have never saved a market IMO.

    OK so 8 being the magic Chinese number, and Olympics opening at 8 am/pm on 8th month of 8th year, then the market falls 80%, lol.

    Remember

    1974 the low.

    1974 + Fib 8 was 1982 low.

    1974 + Fib 13 was 1987 low.

    1974 + Fib 21 was 1995 low.

    1974 + Fib 34 is 2008.

    Hard to ignore 2008 any more. More of a question of when in 2008.

    Best case is Feb/Mar, worst case is Oct/Dec.
 
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