counting days, page-29

re: counting days, jconnell Interesting to note some weird vectorial relationships going on here.

The price-time value of the 2002 decline etc was 1823.2.

Times this by the square root of 5 gives 4076.8.

From the 2003 low to the March 2005 high, minus the 30 day fall plus the rise to October 2005 gives 4078.6 and thus missing by 0.000442%, thus spot on.

However from that correction the market has continued to advance thus the next spot is the 2002 decline times the square root of 10 which is 5765.46. If from the October low the market continues on a 45 degree angle this will be reached on the 20th of September at 5816.1,


However down move from the March 2005 high had a value of 384.97 and the move from the October 2005 high had a value of 378.46 and thus equal.

The move up from the May 2005 low had a value of 985.26, the current move up from the October low has a value of 968.94 and thus almost equal.

Mathematically if the market continues up it could reach a high on the 20th of September at 5816.1, however if we get another sharp correction and the vectorial relationship stays the same then it could go on for much longer.

I certainly do not like those figure, but thats maths.