XJO 0.23% 7,999.3 s&p/asx 200

winks weekend wonderings, page-70

  1. 17,248 Posts.
    lightbulb Created with Sketch. 416
    I tell ya a cycle that really doesn't get enough attention...Armstrongs 8.6 MONTH cycle....the derivative of his 8.6 years. Volt mentioned it the other day, I was well aware of it but....meh...so many cycles, so little time.

    I have done a little work with it tonight and it is quite strong in this bear. firstly, I'm not really sure what Armstrong does but for super accuracy I say a month is

    365.25days divided by 12 = 30.4374 days

    30.4375 x 8.6 = 262days (to the nearest day)

    there are 262 days from the 16/8/07 capitulation low day to 4/5/08....the 4th was a sunday but the 2nd (friday) was the first (and highest) top of the may rally. Also there are exactlty 262 days from the big bad low of Jan 22 2008 to the low on Oct 10 just gone......

    I also note that there is 2 x 262 days from the high of 11/10/07 to 18/3/09....so there is another one for the March cluster. But just on that point whilst the 11th was the highest DOW day intraday the 9th was actually the highest close so 16/3/09 should not be discounted as the possible end of the bear.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.