Dow Jones - What do Fibonacci Time Tell us?

DJ:DJI   Dow Jones Industrial Average Index
This blog is using fibonacci spirals as basis for price projection in several market, while the same basis can be apply in time series manner. First, we need a first swing for projection, the obvious one was the 2007 peak to 2009 market bottom, it took 512 days from peak to low. So projection as follow:

Factor First Swing 61.80% 161.8% 261.8% 423.6% 685.4%
Duration of Trend 512 316 828 1340 2169 3509
Date of Peak 15-Jan-10 13-Jun-11 8-Nov-12 12-Feb-15 11-Oct-18

A summary of price action from projection date:

15-Jan-10: Market reached its peak at the same date, price dropped for 8.34%
13-Jun-11: The day pointed the low of 7.87% correction, but price made lower high and correction for 18.24% with Greece crisis.
08-Nov-12: Low of 8.71% correction came 6 days later from projection date, trend continue to rally.
12-Feb-15: Price reached historical high 11 days later from projection date, Dow fall 16.24% after that and correction for 21 months.
11-Oct-18: At 3 Oct, Dow reached historical high, no further indication yet.

Comment: For projection calculation, see
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