XJO 0.88% 7,959.3 s&p/asx 200

good lord its the running of the bulls, page-102

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    Wink

    I can be slow at times.

    Was reading an Eliades report earlier and he was going on about a 784 cal day cycle that runs back as far as the 1929 top.

    The number twigged something in my mind but wasn't till I went back to bed I got it.

    It is in fact 1/4 of an Armstrong 8.6 year cycle.

    In fact I use half Eliades number or 392/3 days all the time.

    An Armstrong pattern is 2/8 up 1/8 down 1/8 up 1/8 down 1/8 up and 2/8 down.

    Although Armstrong has his fixed dates, you can use the pattern from any major turn in the market and I have mentioned how well that worked from the 2003 low and is still working now in a minor way.

    So if we use 2/8ths up from the 2009 low we get 30/4/2011 for SPX or 4-5/5/2011 for XJO.

    This agrees with Laundry and Ferrera who both use individual and non related theories.

    I think it fits your domed house timing as well roughly. By the way Eliades theoretical date was 3/4/2011 which seems closest to your top, although he allows working from the 2009 low which gives end of April.

    A top at end April/early May would see 1/8th down make about early Jun 2012 a low.

    On a nother cycle basis Eliades had 4/7/2011 as a low which is interesting as we keep getting these early July lows that make my 5-6/7/2013 looks a chance.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.