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fib coincidence or not

  1. 2,240 Posts.
    I know this is a lot to take in for anyone but..please only continue on if you understand the concepts of Fibonnaci,

    The XAO DJIA and the S&P have all precisely corrected to the .382% FIb,LTtrendline and 200 period MAV.

    from my own extensive research(ove many many years) I`ve found that a true change in trend ie:bear market, most often occurs at the intersection of a .786%Fib LT trendline and 200 period MAV.

    my conclusion then is that the 3 indicies mentioned above must move sideway for a while yet(without breaching the trendline) in order for the .786% fib,trendline etc to be in unison.

    And as CTindale pointed out earlier yes the S&P is currently at a 7 yr dbl top.

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