friday switching to continue, page-69

Thought I'd pop my head up from the bunker and contribute an observation or two.
Been looking at DJIA 1929/30 V 2007/08
11/10/29 to 11/10/07 = 78 year anniversary. I know Gann says to watch for 39 months but what about 39 years x 2?

Many of the turn dates from 11/10/1929 to April 1930 are either bang on or within a couple of days of our current market. In 1930 it rallied from the 1929 crash low to a top in mid April at just over 50% and 180 degrees (+ a few)from the top. The market then commenced a six month grind down until it broke the crash low in Oct 1930 and continued it's grind to final low on 8/7/1932 at 40.60. Top to bottom = 1001 cal days.

Interestingly here we are in April, 180 degrees from the top, turn dates lining up and the market looking a bit pale.

11/10/07 + 1001 = 8/7/2010. I have not yet looked at that forward date. I also noted the 2000 top to the 2002 bottom took 1001 days.

Cyclic Hi - sorry I did not see you knocking. I have not been watching HC much the last few weeks. Regarding SPI - I see a few others have provided price support info for the 5039 low. A little more;

17/3/08 is 9148 cal days from the all time low of 458.
458 + 9148/2 = 5032 ... near enough.
Time - 16/11/92 major low + 800 weeks exact = 17/3/08

Another little bit of info (probably useless) is the SPI 1987 crash range was 1333. The 2007/08 range = 1841
1333 x 1.382 = 1842

It is a shame I do not have data for XAO earlier than 1982 to compare the same time frame as per US market above. Certainly time and price support 5039 and if the US were to play out as per the 29-32 script then current lows may not be broken for another six months. Which probably means Monday or Tuesday at the latest.

It is a very interesting time to be learning this stuff - shame I was not on the game earlier but better late than never.
Cheers