Tuesday, February 5, 2013
Using quarterly T/A on the SPX could this be the topping quarter?
Using basic fib time cycles measured from the post Brenton-woods bottom Dec. 74 low and measuring to the 87 top causes the next fib time period to nail 2000 top. Going out to the next fib target brings us to this current 2013 quarter. Meanwhile 14 day RSI has been diverging bearishly ever since the 2000 fiat pumped blow off top. Interesting wikipedia discription of the 1974 crash if you sub UK for USA and Bank of England with the Fed Resv. Could we see 2013 oil shock ? Will the U.S. officialy devalue the dollar? :