friday trading, page-101

After mentioning Flanagan's 3 months and 7 days +/- 1 day I got to thinking.

From the US rally high of 8/12/08 it gives 15/03/09 +/- 1 day as stated.

Armstrong not only works with an 8.6 yr model but also a 8.6 month model or 1/12th of the larger cycle.

I used the 1/12th and also 1/8th from the 2003 low and it gave turns all the way to the 2007 top. Of course 1/8th before the 2003 low was the 2002 top as well.

I digress.

The point being that if we take 2 X 8.6 months from the US top of 11/10/07 we have 17.2 months at 17/03/09 or within a day or two of Flanagan's 3 month+7 target based on the Depression legs down.

Plus of course 17/03/09 is exactly one year from the low this year which was the low for EW leg A or 1 down.

So a time worth watching if we get a continuing leg down from here.


As a bonus, lol, here is a Fib grid on CBA.

Note that a move equal to the last rally will extend to the target proposed by the Fib grid.

Its not the CBA thread but probably significant to the overall market.