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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (18358)8/8/2016 5:48:11 AM
From: humble1  Read Replies (1) of 33421
 
JP: yes, the 29 years since 1987 is of interest. here is one of several reasons. it is the 1.5 extension of 1929->1987.

1929 -> 1987 = 58
58 x 1.5 = 87
1929 + 87 = 2016

I hasten to add that many scary line ups like this can be found and it would not mean doom even if it hits. Mainly, the chart action into anything like this MUST confirm PLUS a price objective MUST be hit for a sell. My base case is that we are heading for SPX 3525, fwiw. But the future is not set, no matter how interesting the confluences.

p.s. 9/4/29 was the pre-crash high and 2016 has a key high-low-high right on that date: 7/20/15->2/11/16->9/4/16

plus .. there is a Lindsay hit on/near the 9/1 solar eclipse

hmmmm ... but what if it's a low? must see a rally into the 9/2 new moon + 1 to worry about that one. either way, the wisest move is to be O-U-T by late august IF we spike into it. SO FAR the market is doing exactly what would be expected for a major high between 8/25 and 9/16, the puetzian lunar eclipse.
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