Marking Time…
I remain resolute in my view that a market top is imminent – although pinning it down to the day has certainly been a challenging endeavor. It’s an iterative process…
There is the possibility we might have as much as another four trading days of modest buoyancy for a number of reasons: First, the 79.6 trading day duplex function I have written about so much can, at times, expand by a factor of 1.236 – to 98.4 trading days. If that were to happen, that would carry this push higher into about December 11th – Thursday of next week. I could easily see that happening. And there’s more…
On the left you'll see my chart of the S&P 500 surrounding the October 11, 2007 time period – the last major market peak (also associated with the prior crest in the 79.6 month cycle series). I note some interesting – and perhaps similar – developments. The time period between the 19-Jul-07H and the 11-Oct-07H spanned a period of 59 trading days. A similar 59 TD time count from the 19-Sep-14H would carry into 11-Dec-14. A 39 TD low-high count from the 16-Aug-07L into the 11-Oct-07H when added to the 15-Oct-14L would equate to 10-Dec-2014. If history were to repeat…that would suggest we could expect a high in the 10-12 Dec 2014 time period – which lines up nicely with the 98.4 TD count described above.
DJIA / GE Indicator
Treasury Bonds
Precious Metals
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