XJO 0.39% 8,013.4 s&p/asx 200

haspetes's - flat tops = drops thursday, page-31

  1. 17,444 Posts.
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    The Armstrong model from 2009 low gave the correct date for the US high last year, although it has recently been exceeded.

    The model, (if working) has May 26 as a low.

    That's a Saturday and most likely would be 28th for the low. The top was a weekend and came the next trading day.

    If Monday's high (April 2) is a top it leaves 56 cal days for the down move.

    56 cal day drops are usually panic moves and you can look into 1929 1987 etc.

    The panic comes at the end.

    Within that 56 days you would see a good rally and even a new high.

    This is not a prediction just an observation.
 
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