Reading yet another newsletter that called the SPX top in at
March 6, 2014 price of 1884 based on a simple square of 9 application. The analyst put 677 in the center of the
square of 9 and found 1884 on the north cardinal cross. The conclusion drawn was that March 6, 2014
might have been the high (the analyst used other metrics as well). That perked me up, but it didn’t tell me
when. But the square of 9 struck several
discords with me. Why use the closing
price on 3/9/2009 to infer the final high for the market at some unspecified
future point? Here’s a replica of his
chart with both the price and the cell count in the cell (the analyst had only
the price in the cell):
I don’t think the method is invalid. But it seems kinda puny to forecast only the
price. What assumption do you make when
the market gets there; immediate touch and reversal? My understanding is that Gann tried to
coordinate time and price in square of 9 projections. I’ve read Gann was often seen on the NYSE floor
with only a square of 9 chart and an ephemeris.
Let’s look at the SPX square of 9 chart with the low price in the center
and make some observations of both time and price:
I spotted a couple numbers that I liked based on my bias for
March 30, 2014. On the diagonal cross at
225* I found 1849 as a number of days since the March 9, 2009 low and I found
on that same diagonal a price of 1892 which is close to the current high of
1884. The 1849 days is noteworthy
because March 6, 2009 plus 1849 days is April 1, 2014…darn close to the my March
30, 2014 projection. And, as I recall,
the March 2009 low was a “straddle.”
DJIA bottomed March 6, 2009 while SPX bottomed March 9, 2009. On top of that, I recall the low SPX print
was in the first hour of trading on March 9, 2009. April 1 is pretty close to March 31. Duh.
So what, the 1892 square of 9 price falls on the same
diagonal cross 225* as 1849 days? Still not a lot of meat on that bone. So I
tried to find some astro reason why that date might be important. I couldn’t
find a thing by charting the planets on the outer ring. So I set my outer ring back from April 1,
2014 to Sunday March 30, 2014 and what did I realize?
Sun/Moon conjunct at 9* is 144* from the 225* diagonal
which contains the 1849 days (April 1, 2014) and a price of 1892. As I often say, you just can’t make that
stuff up.
It’s a little inexact.
If you look at the number, SM conjunct actually occurs at about 9.9*, not the 9* that the charting software displays,
but you can shimmy that 225* to 226* which will give you 144* and a price of 1891 and
1848 days. I rather like 1848 days a bit
better because it gives me Monday, March 31, 2014 which is, in substance, the
March 30, 2014 top I’ve been pounding on for a month.
There’s a little more but I’ll just point you to the
previously posted Saturn/Uranus essay that supports March 30, 2014, again, Monday March 31,2014 in substance.
So, I’m looking for SPX 1891 Monday or 1892 Tuesday (about
1.8%). [Out of full disclosure, I've used the same method to project QQQs $94 on Monday, a very unlikely event that would require an 8% increase in 1 day. Done before but unlikely.]
Crash and burn time for my projections. It'll be back to the books to ferret out the likely errors in my understanding and methods.
Jim
Disconcerting…..when I plot the high and low extreme prices on a square of 9 and try to find meaningful angles (aspect) between them and 1892, I simply can't. I can find angles between 1884 and numerous other extremes. This clearly suggests 1884 will be the high.
ReplyDeleteFurther. When I find the 1884 price on the square of 9 with 666 at the center, I find it on the same angle as day number 1839. 1839 plus 3/9/2009 is 3/22/2014 (which I think may actually be 3/21/2014). Plotting 3/21/2014 on the outer rind, Sun is at 0* (could actually be 1*, the day after the Equinox), Moon is on the same angle as price 1884 and Sun/Moon/1884 are trine. Again, seems to indicate the high for SPX printed on 3/21/2014 at 1884.
Apprehensive over 1892 on 3/31/14. Will be interesting and instructional to see the resolution…very soon.
Jim
I've pinged Sq of 9 practitioners and most say the Sq of 9 / outer ring price issue occurs when the size of the Sq of 9 exceeds 1000 or so cells. I went to Mikula's book 'The Definitive Sq of 9' and his application of planetary lines on the sq of 9 defines a RANGE of prices from 2 points on the most preferred planetary longitude. Placing the overlay over the outer ring planetary positions and intersecting an aspected price is a recipe for disaster....I've done it a lot.
ReplyDeleteYou can't just pick a price on the longitude of interest as most think. If you take all the prices on a longitude, say 225* as I did, they, themselves will not convert to the same longitude..... Prima facie....it does not work the way I, and very very many Sq of 9 practitioners think. Subject for a future essay.
Jim