Just out of interest today in the mighty old USA was the 14 year anniversary of the Nasdaq composite . 24 - 27/3/2000 is the anniversary of the ndx high depending on whether u use the ultimate high or the closing high .
The highs in 2007 were October for dow ,spx and ndx .
How or why is this relevant ?
If we consider a week is 7 days then that is one cycle and it appears that 7 years is also one cycle as markets topped 7 years after 2000 but it wasn't an exact date match as first highs were Jan through to March in 2000 and oct in 2007 but 2014 is 7 years on again .So how does one pick the exact day or month ?
Now this is interesting as spx double topped in 2007 with 2000 but then went on to beat that top by some 23 points .
If we consider the dow jones industrials in a similar position now to the spx in 2007 then it wants to break the highs by a similar amount to the break above of 2000-2007 then we do something similar to previous tops .
Dow topped in 2000 at 11750 , 2007 at 14198 = 2448 so add 2448 on to 14198 = 16646 current highs are 16558 and only 100 ish points below a mechanical high .
Or using percentage which is probably more appropriate the figure is 20.84% . 14198 x 20.85% plus = 17158 .
cheers g ps if everyone thinks we are still in a bull market then consider that ndx and compq are still well below 2000 highs and japan is still well below 1990 highs as well
