Here's a few thing to consider if you've got nothing better to do...
XAO
The rally 8 July to 31 August was 830.1 points.
1/4 of that range is 207.525.
1/4 extension of that rally is 4540.2 + 207.525 = 4747.725.
Thursday's high was 4746.8.
An extension like that could be enough to end the rally and imo this is pointing to a high (not saying it is, though if it is, in a few months it will look obvious with the way it spiked up and all), however...
Thursday was also day 71 of the rally from 8 July or 1 day off 50% of 144 days. There was also a high at 37 days from low (1 day off 1/4 of 144).
Could the rally run out to 29 November at 144 days from 8 July?
29 November is actually a Sunday, so say Monday, 30 November for argument's sake. That would be 5 days shy of a 270 day rally from 10 March, which is when I have it that the XAO bottomed.
How does that fit with the American markets?
DJIA '38 / S&P NOW
The '38 rally the DJIA had a high at 224 days from low and then a secondary high at 280 days from low, or 56 days from major high. 56.25 is 5/8th of 90.
270 days from low for the S&P is 1 December. 270 is 3/4 of 360.
Working back from 1 December, 56 days before 1 December is 6 October, which is 90 days before 8 July, and McLaren's date for a high for this rally.
So a high on 6 October, followed by 56 days to secondary high on 1 December (the same amount of time high to high as '38), would fit well.
SUMMARY
That would also fit well for a high at 145 days from 8 July low for XAO on Monday 30 November 09, the day before the S&P put in a secondary high.
That doesn't seem all that improbable when one considers that the secondary high for the DJIA in '38 was only about 2.2% below the high major high.
So for example, if the high for the S&P was 1106, that would equate to a secondary high at about 1082.
Then again, probably not, but something to consider. These XAO highs at 37 days and 71 days have me thinking, and these considerations have me minded towards at least some sort of important high in late November / early December.
***
Forgive me is my counting of days is out a day or two. I've checked and rechecked but if past experience is anything to go by, there could be errors in there somewhere.
(20min delay)