The bull SPX bull market from 10/02 to 10/07 was almost a perfect Fibonacci sequence number of 5 years. Using Fibonacci ratio analysis 5.0 years x 2 = 10 years added to the major SPX top on 10/11/07 targets 10/11/17 as a possible major top.
This is backed up by a secondary Fibonacci time sequence. May 2011 to May 2015 is 48 months x .618 = 29 months added to May 2015 targets October 2017 as a possible top.
10/11/17 has release of FOMC minutes at 2:00 PM -ET I have a short term price target for a top in the range of SPX 2555.24 to 2560.00 Bulls- eye price target 2558.23
Stock market bearish seasonal time continues into the first half of November. If the 34 day mini crash phenomenon is in effect, crash bottom day is 11/13/17. Bottom price zone is SPX 2120 - 2160.
"I' like your post a lot. "Thanks in a very good way."
"I" believe in cycles. -- (In a very big way.)
"I" would like to share some information with you. Please see how this fits with "Your" work.
"The Big Question" --- ? Is there a 90 yr cycle ?
a. "1929" The start of the "Great Depression" --- plus 90yrs = "2019"
b. The "Great Depression" Low in the "Dow" 1932 --- plus 90 yrs = "2022"
"I" figured this out about three yrs ago.
c. If "I" am correct a 4 yr cycle low is due next year. (2018)
Other cycles due to bottom in "2022" + or -
a. 4 yr
b. 10 yr
c. 20 yr
d. 40 yr
e. ? 90 yr ?
"Ten Year Cycle due to top this year 2017" --- (This is the first time this cycle "Did Not Top" before the end of "October" --- 1907 to date.)
"This Ten Year Cycle" ("I" learned about this cycle from "Larry Williams" many yrs ago.) -- (A must read Book "The Right Stock at The Right Time") Thank You "Larry Williams"
1907 - 1917 - 1927 - 1937 - 1947 - 1957 - 1967 - 1977 - 1987 (Do you remember the "1987 Crash" ?) - 1997 - "2007" ("Great Recession Started" -- Per our Government) - ? "2017" ?
"I" think the "Great Recession Started" at the "2000 Top" --(Look at a chart of the "SP100" - 9 yr - "Bear Market")--(2000 top to 2009 Low) a very large "A-B-C Flat Corection"
The "Big Question" will this 10 yr cycle top before the end of the year 2017 ? --- ("I" think 66.7% or better chance it will.)
Another "Big Question" will this end the "Bull Market" that started at the "Great Recession Low" (2009)-("I" think we are topping "Wave 3" with Waves 4 and 5 left to complete)
"I" think there are only "Three Good Elliott Wave Counts left" -- Two are topping soon they are of equal value -- My other Wave Count should top before the end of "2020".
"I" also believe in the "Rule of Alternation" ("I" learned about this from "Robert R. Prechter Jr." many yrs ago.)
It does not always work but one should keep at least "One Eye" on this.
a. = 2000 was a top.
b. = 2007 was a top.
c. = 2009 was a bottom.
d. = ? The Big Question ? = Will "2019" be the big top ? --- Only time will tell.
If the "Big Top Happens Soon" --- "2022" + or - will be a long road to travel.
"I" think what ever path we take (Top sooner or later) it is going to be very, very bad. (66.7% or better chance the "2009 Low" will be taken out.) -- .618 Ret. Min.
We had "The Great Depression" --- We had "The Great Recession" --- What in "The Hell" are "They" going to call the next one ?
==========================================================================================================================
One more thing to learn about "The Inverted Yield Curve and Recessions in th U.S.A." --- (This is one of my best indicators to watch.)
==========================================================================================================================
("I" think most but not all of our "Law Makers" -- More than 51% -- Do Not Give A "Rat's Ass" About Us "The American People" -- "Both Parties Included")
"I" do not here them "Bitching" about there "Medical Insurance" --- (One of many Examples)
"I" wonder what makes them better than us. "The Little Guys and Gals"
"I" will stop here. ("I" may add more later.)
This is for "EDUCATION ONLY" --- (This is not a buy or sell recommendation)
It is not beyond the realm of possible that because of the duration of the multi year advance in stock prices,
that price will eventually break out of the ascending triangle (excellently shown here) to the upside,
a bullish resolution to a bearish pattern confounding all the skeptics in this once in a life time bull market.
Until the break actually occurs, it is best to position and manage your own trading account with appropriate caution at all times,
as this it an incredible bull market which will fool almost everyone in the end.
"I" believe in cycles. -- (In a very big way.)
"I" would like to share some information with you. Please see how this fits with "Your" work.
"The Big Question" --- ? Is there a 90 yr cycle ?
a. "1929" The start of the "Great Depression" --- plus 90yrs = "2019"
b. The "Great Depression" Low in the "Dow" 1932 --- plus 90 yrs = "2022"
"I" figured this out about three yrs ago.
c. If "I" am correct a 4 yr cycle low is due next year. (2018)
Other cycles due to bottom in "2022" + or -
a. 4 yr
b. 10 yr
c. 20 yr
d. 40 yr
e. ? 90 yr ?
"Ten Year Cycle due to top this year 2017" --- (This is the first time this cycle "Did Not Top" before the end of "October" --- 1907 to date.)
"This Ten Year Cycle" ("I" learned about this cycle from "Larry Williams" many yrs ago.) -- (A must read Book "The Right Stock at The Right Time") Thank You "Larry Williams"
1907 - 1917 - 1927 - 1937 - 1947 - 1957 - 1967 - 1977 - 1987 (Do you remember the "1987 Crash" ?) - 1997 - "2007" ("Great Recession Started" -- Per our Government) - ? "2017" ?
"I" think the "Great Recession Started" at the "2000 Top" --(Look at a chart of the "SP100" - 9 yr - "Bear Market")--(2000 top to 2009 Low) a very large "A-B-C Flat Corection"
The "Big Question" will this 10 yr cycle top before the end of the year 2017 ? --- ("I" think 66.7% or better chance it will.)
Another "Big Question" will this end the "Bull Market" that started at the "Great Recession Low" (2009)-("I" think we are topping "Wave 3" with Waves 4 and 5 left to complete)
"I" think there are only "Three Good Elliott Wave Counts left" -- Two are topping soon they are of equal value -- My other Wave Count should top before the end of "2020".
"I" also believe in the "Rule of Alternation" ("I" learned about this from "Robert R. Prechter Jr." many yrs ago.)
It does not always work but one should keep at least "One Eye" on this.
a. = 2000 was a top.
b. = 2007 was a top.
c. = 2009 was a bottom.
d. = ? The Big Question ? = Will "2019" be the big top ? --- Only time will tell.
If the "Big Top Happens Soon" --- "2022" + or - will be a long road to travel.
"I" think what ever path we take (Top sooner or later) it is going to be very, very bad. (66.7% or better chance the "2009 Low" will be taken out.) -- .618 Ret. Min.
We had "The Great Depression" --- We had "The Great Recession" --- What in "The Hell" are "They" going to call the next one ?
==========================================================================================================================
One more thing to learn about "The Inverted Yield Curve and Recessions in th U.S.A." --- (This is one of my best indicators to watch.)
==========================================================================================================================
("I" think most but not all of our "Law Makers" -- More than 51% -- Do Not Give A "Rat's Ass" About Us "The American People" -- "Both Parties Included")
"I" do not here them "Bitching" about there "Medical Insurance" --- (One of many Examples)
"I" wonder what makes them better than us. "The Little Guys and Gals"
"I" will stop here. ("I" may add more later.)
This is for "EDUCATION ONLY" --- (This is not a buy or sell recommendation)
Thank for listening,
"One Eye Jim"