we'll be right tuesday., page-91

Kookeboy, The US bear market ran from 11/10/2007 to 6/3/2009 (total 512 days). Our market did not top until 1/11/2007 and bottomed 10/3/2009 (495 days total). I happened to stumble onto the fact that the time between the US march 09 low and the Armstrong low next year is 828 days which just happens to be exactly 1.618 x 512 days. I thought that may be significant. So I then took that 828 day period and calculated the 38.2%, 50% and 61.8% points. 38.2% was saturday January 16th. that was a long weekend and the market peaked when it reopened on Jan 19th. The 50% point was saturday April 24th....market peaked on monday morning april 26th. The 61.8% point will be saturday july 31st......So applying the same reasoning to the Oz market 495 x 1.618 days = 801. The 38.2% point was sunday jan 10th...XJO peak mon jan 11th. The 50% point was April 15 and that was dead on and the 61.8% mark will be sunday July 18th.

I thought it was funny reading all the HC rantings about how weak our market is compared to the US between April 15th and April 26th....but there was a perfectly good fibonacci explanation for the divergence. I wonder if we will see the same whinging again between july 18 and july 31 if the pattern continues.