To recap, the ATH remains, 10/3/2018 and 2/25/2019 is the secondary top. These are comparable to 9/3/1929 and 10/11/1929, respectively.
We have a ‘countdown’ as the stock market declines to the date in 2019 which is comparable to 11/13/1929 (bottom of the 1929 Crash though not the Great Depression Bottom of 1932). I’ve previously projected the comparable date to be 4/19/2019 (which is actually Good Friday and the market is closed that day).
Here’s the time mathematics of yesterday's ‘third lower top’ since the secondary high.
Here are the exact times and prices of DIA (proxy for DJIA since DJIA does not have extended hours):
Take the hours between the three dates above and you have three intervals; a first interval of 166 hours, a second interval of 103 hours and a total duration of 270 hours.
Now, do the thing that those who "observe" might do; divide the part by the whole or the reverse.
270 / 166 = 1.625 or 166 / 270 = .615
270 / 103 = 2.621 or 103 / 270 = .385
PHI…. It gets better.
We all know Pythagoras’ 1X1 square has a hypotenuse of 1.414 or root 2. Extending Pythagoras’ 1X1 to two contiguous 1X1 squares with a common side derives root 5. You can research that. Bradley Cowan’s Third Lesson lays out the geometric growth expansion in nature and the Fourth Lesson demonstrates the prevalence of root 2 and root 5….and Pi, in the stock market.
The red highlighted derivations of time above, you can figure them from the time durations given, sum to 2.238. That number is root 5 which defines the geometric growth structure in nature.
And root 5 approximates Phi:
(Root 5 + 1) / 2 = PHI
PHI…. It gets better.
Price and time are demonstrated to be interdependent according to the math above as a function of PI (without the ‘h’).
From the data given, you can derive and prove the foregoing assertion like I did last night. I gave you the DIA prices and times and provided the mathematic explanation of time. if you're an enquiring type of person you'll find the interdependent, deterministic relation of time to price.
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Phi, Pi, root 2, root 5 explain the cause and effect relation of time and price. WD Gann said we needed to understand the cause and the effect but he would not explain because we weren’t ready for the explanation.
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