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Stock Market Trend Turn Imminent?

There are a lot of Topping patterns in many different markets this weekend, and we show many of them in this weekend's report to subscribers at www.technicalindicatorindex.com. Some are different time frames. Some are the same. These charts tell us there is a huge stock market decline coming, very likely starting next year. Short-term there are several different scenarios that allow for markets to rise further before a monster plunge comes. The best short-term guidance in this situation is to follow our key trend-finder Indicators and our Secondary Trend Indicator.

Our focus this weekend is on a powerful Fibonacci Cluster turn window that started Thursday, October 20th, and lasts into month end. There should be a strong stock market move that starts sometime within this window. There is a Bradley model turn date this Friday, October 28th and a New Moon on October 26th, within this same Fibonacci Cluster window. With prices rising sharply now, it means this coming turn could be a top, possibly of some significance.

We have found that when there are a cluster of trading days within a short period of time that are a Fibonacci number of trading days from a key closing top or bottom of the past, there is a higher than normal probability that a significant trend turn is likely coming around that cluster time period.

In early September 2011 we identified a Fibonacci Cluster turn window that was telling us a significant trend turn was likely over the 7 trading day period from September 23rd to October 3rd +/- a day. On October 3rd, 2011, the last day of this Cluster, the Industrials had the closing low for the decline from early September at 10,655.30. That was a bottom which has led so far to a rally of nearly 1,200 points in two weeks. This Fiboncci Cluster turn window only had four previous tops or bottoms a Fibonacci number of trading days from this cluster, and it worked quite nicely at identifying a strong new trend.

Prior to that, the cluster turn window from August 1st through August 8th produced the August 10th bottom of the crash, while the cluster turn window from August 23rd through August 30th +/- a few days, produced the September 1st top.

We now have another Fibonacci Cluster turn window that has nine!!! previous tops or bottoms that were a Fibonacci number of trading days from this coming turn window, which runs from October 20th through October 31st, 2011. With this many previous tops or bottoms clustering into this 8 trading day window, and five clustering with the same day within this window, we have to believe this is a significant turn we are about to see. This is the largest number of Fib related mates we have ever seen. Hard to say what this means, but it adds significance to this coming period of time as possibly being an important turn.

Dw Fibonacci Cluster dates

Over the 8 trading day period from October 20th, 2011 through October 31st, 2011, there are nine previous tops or bottoms that are a Fibonacci number of trading days from this time window.

Here is the data:

October 20th, 2011 is a Fibonacci 13 Trading Days from the 10/3/11 Closing Low.
October 20th, 2011 is a Fibonacci 34 Trading Days from the 9/1/11 Top.
October 27th, 2011 is a Fibonacci 55 Trading Days from the 8/10/11 Major Closing Crash Low.
October 20th, 2011 is a Fibonacci 89 Trading Days from the 6/15/11 Low.
October 31st, 2011 is a Fibonacci 144 Trading Days from the 4/6/11 Top.
October 20th, 2011 is a Fibonacci 377 Trading Days from the 4/26/10 Top.
October 26th, 2011 is a Fibonacci 987 Trading Days from the 11/26/07 Major Low.
October 20th, 2011 is a Fibonacci 1,597 Trading Days from the 6/17/05 Top.
October 27th, 2011 is a Fibonacci 2,584 Trading Days from the 7/19/01 Top.

If you are new to Phi Mate turn date and Fibonacci Cluster turn window cycle analysis, you can learn about this at the Glossary button and our Guest Articles button at the home page at www.technicalindicatorindex.com.

 


We cover a host of indicators and patterns, and present charts for most major markets in our International and U.S. Market reports, available to subscribers at www.technicalindicatorindex.com

If you would like to follow us as we analyze precious metals, mining stocks, and major stock market indices around the globe, you can get a Free 30 day trial subscription by going to www.technicalindicatorindex.com and clicking on the Free Trial button at the upper right of the home page. We prepare daily and expanded weekend reports, and also offer mid-day market updates 3 to 4 times a week for our subscribers.

"Jesus said to them, "I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40

 

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