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.
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.
코멘트:
For projection calculation, see www.flickr.com/photos/144523660@N06/
