I''m thinking the market may turn around August 8th. This came after a little research into (who Ive only become familiar with) and some of his time theory.
From the high of April 10 2013 until August 8th we have a separation of 120 days. Below are some quotes i found on Gann's important dates and days between tops and bottoms. This date ticks two criteria..120 days and one of his key dates..August 8th
''Mr. followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as times for a change in trend
Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These changes or monthly changes based on the beginning of any changes are important to watch for tops and bottoms.''
Anyways food for thought