Change in trend?

[theplumber]

Was Friday the big blow off top? Like to hear other ideas (sometimes I ask myself WTFDIK) because the market seems to have a big helping hand from the Fed and alot of desperate institutions ,not to mention the hedge funds gunning for their short brethren. My thoughts are it was, and with triple witch coming it could get very volatile (maybe real ugly too) , and the charts I'm showing is my case but maybe I don't see something. First I have the Square of 9 chart showing some number comparisons and one thing that Gann preached was all highs and lows are related, forever. Friday ended the week 144 from the important Sept 1 2000 top and was 34 Fib weeks from the Oct 10 2002 low. What really struck me though was Oct 10 2002 low of 768 and June 6 2003 1008 high have a match in time and price, 239 calender days and 240 points. When time and price come together it suggests a change in trend.

[theplumber]

Fold back mirror image

Did anyone trade the fold back mirror image? Would have taken alot of guess work out of trading if you catch it in time. The last leg up doesn't work very well, this makes me think even more it was a capitulation on the shorts because there was a rush to balance price with time.These are calender days by the way.

[theplumber]

Action/reaction

This is a Gann technique that I got from Reversal Day Phenomenon. Time and price meet and signals a change in trend.The pitchfork is show in a way to show action/reaction lines and only work with number counts , which I use instead with the hexagon or So9 chart .Also shown is the 55.5 day cycle and how it showed bottoms but inverted now to show tops.

[theplumber]

Re: Change in trend?

Originally posted by theplumber
Was Friday the big blow off top? Like to hear other ideas (sometimes I ask myself WTFDIK) because the market seems to have a big helping hand from the Fed and alot of desperate institutions ,not to mention the hedge funds gunning for their short brethren. My thoughts are it was, and with triple witch coming it could get very volatile (maybe real ugly too) , and the charts I'm showing is my case but maybe I don't see something. First I have the Square of 9 chart showing some number comparisons and one thing that Gann preached was all highs and lows are related, forever. Friday ended the week 144 from the important Sept 1 2000 top and was 34 Fib weeks from the Oct 10 2002 low. What really struck me though was Oct 10 2002 low of 768 and June 6 2003 1008 high have a match in time and price, 239 calender days and 240 points. When time and price come together it suggests a change in trend.

[theplumber]

Sept 1 2000 is a very important top, like you said Linus 144 weeks from June 6 2003, but it's also 1008 calender days as well. Another square of price and time.

[theplumber]

The all time high to the low is one cycle and has a huge relationship. S&P 1552 and 768 are related in price and time. The calender days between the two is 932 days, which is very close to 49 * 19. 49 is 7 squared, but subtract 49 from 1552 16 times you get 768 the Oct low. Subtract 19 from 1552 41 times and you get 773 or very close to the July low of 775. Or subtract 19 from 1552 and you get 1533, or very close to the 1530 Sept 1 2000 high. So the all time high of 1552 and Oct lows of 768 are very important numbers for S&P and completes one cycle down. The numbers 49 and 19 act as the fractals that act apon them. 7 also is an acting fractal. Subtract 7 from 1552 102 times and get 768 the Oct lows and 101 to get 775 the July lows . A little less like 99 times will give you 789 the March lows and only 78 times will give you 1006 or very close to the 1008 on Friday .This is only a small sample of what can be done with number theory and looking for patterns. A good reference would either be Gann himself, Granville Cooleys books and alot of ingenuity on your part. One last edit, take the square root of 1553 (some people round up the 1552.87) you get 39, subtract that from 1553 14 times and you get 1007 or very close to Friday's high of 1008.

Originally posted by linus71
Ah, I really now should get myself up to learn Gann's Square of Nine. Also Michael Jenkins stressed its importance to apply this very knowledge in trading.

Plumber, is the September 2000 High so important because it was in sync with all three major markets?
I have problems to put the March 2000 Highs into numbers.
While the S&P500 made its High on March 24,
the Nasdaq made its High on March 10 whereas it failed to make a new High on March 24.
The Dow Jones seemed to be totally out of tune with the S&P500 and the Nasdaq which gave rise to the terms now obsolete: old and new economies.

What I tried to observe was the following:
High 09/10/00 - Low 08/03/00 = 21 days
High 09/10/00 - High 07/17/00 = 34 days
High 07/17/00 - High (Nasdaq) 03/10/00 = 88 days
Now that would be close to 89.

But I'm not satidfied with this outcome.
No better results in counting with the S&P500.

[theplumber]

No input?

Nobody has any input? The reason I asked was because I have some work that shows this rally maybe to mid August with S&P to 1050-1115. Anybody do any cycle work here?

[Garym]

1008

And 1008 is a sacred number in Hindu texts because of 9.
Why it has 18 parts is written in the introduction of the Bhagavad Ghita (not all versions.) . All multples of 9 add up to 9

18 (1+8) =9
27 (2 +7) = 9
36 ....
etc
So 1008 = 9

The great teaching astrolgers like Alan Leo, traveled to India and brought back many of their methods.