A while ago I posted about the Jan Dow top and the square outs of time and price back to 1987.
I have been looking at the current high on 21 May 2018 and I think it is worth noting.
DOW and other markets are rather attracted to the number 1001 & Dow 1618.
Major low on 24/8/2015 (28 years -1 day from the 1987 top) to 21/5/2018 = 1001 Days.
2000 top to 21/5/2018 high = 13,336 points.
1966 top which has a price of 1001 is 13,336 trading days from 21/5/2018
The high on 21/5/2018 = price 25,086.
If we go back 25,086 bars we miss the major top on 9/2/1919 by 6 bars. 1919 saw a decline of 47%
DOW chart below.
Speaking of square outs - SPI - Day chart.
Major low 10/2/2016 (like almost every market the world over +/- a few days) ran up to a high on the 18/3/2016.
The range was 570 points.
10/2/2016 to 15/3/2018 = 570 trading days & 1492 points.
570 x 2.618 = 1492.
I think Mr Gann was onto something!
My horns have been dulled somewhat.
Cheers
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