Fibocrypto t1_jaelzxa wrote on February 28, 2023 at 9:46 PM

Reply to comment by hummmduno in S&P 500 analysis. by hummmduno

Then again I am looking out further than you are and I'm using a longer pattern and I'm showing a longer historical correlation than you are. I have backed up my pattern by including a simple indicator and I have included a timing component which will help to prove myself correct or wrong . Right or wrong the market is going to decide . I was just trying to add content to your content . I've still got 2 to 3 weeks before I take on any leveraged positions . We will know soon enough . I'm going to correct the above . We both are looking at similar durations so I take that back . Good luck and I hope we both come out ahead over the rest of the year.

hummmduno OP t1_jaen2nc wrote on February 28, 2023 at 9:53 PM

I just think that your pattern might be correlation without causation. Just look at my cyan pattern and check just how much its correlated. But we will see eventually.

Fibocrypto t1_jaewyek wrote on February 28, 2023 at 11:01 PM

My pattern is based upon the 60 year cycle. If this correlation is to continue then the Dow will basically double between now and the year 2026 and then a long term bear market would be expected. We will find out soon enough . For me and for other reasons March 20-21 and June 10 will be important to me this year and both should be some sort of a low . Your work from the little I can see kind of fit with that June period .