Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops.
Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price.
The downmove in 2000 took the SP500 - 48% in 668 days. The downmove in 2007 took the SP500 - 56% in 518 days. If we calculated the shortest move in price and time, markets can end up below 1.000 within March of 2016. Comments?
Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price.
The downmove in 2000 took the SP500 - 48% in 668 days. The downmove in 2007 took the SP500 - 56% in 518 days. If we calculated the shortest move in price and time, markets can end up below 1.000 within March of 2016. Comments?