Friday, March 16, 2012

Bradley meets Fibonacci

Today is a Bradley Turn Date. While not a directional indicator, it has been a fairly accurate time cycle signal. This got me thinking about another time study.

So I decided to apply Fibonacci time cycles to SPX. I came across a very interesting fact. This March is 144 months from March of 2000 top. The bull market from March of 2003 to October of 2007 lasted 55 months. If you subtract 55 from 144 you get 89, which all happen to be Fibonacci sequence numbers.

It also looks like March is a significant month for making turns, which happened in 9 out of the last 12 years. (marked with yellow arrows)

Could it all be just a coincidence? Only time will tell...

click on chart to enlarge

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