From the previous essays, 1) Bradley Cowan's 17-year Pentagonal Cycle began on about October 1, 1998 and will end about December 7, 2016 (PTCT, pg 48), 2) from that date to present you have 5707 days, 3) from the 2009 to May 24, 2014 you have 1902 days, and 3) their relation is 3.000. That relation infers the creation of a cube because 3 is the square of the diagonal of a 1X1 cube. There's more to those posts but that is enough.
In response to that previous blog essay, Gary on Thetas_pendulum provided the following chart:
My understanding is the above was created with the Wave59 root 2 tool which iterated six expansions of root 2. Count them, six squares fitted within six circles that define the root 2 growth process. And a cube has how many faces or squares, six of course. Perhaps the geometric structure is completing imminently?
Now, that sideways tilted square with the c and d points….that's a square which has the same length and width as that of the very first square with points a and b. Interestingly, the market sits both on the edge of the 6th circle and is a corner of the tilted square with points c, d and 6.
That point 6 is interesting. To stay within the circle, price would have to decline fairly rapidly. Not that it will do so. Other tops went through the respective circle showed little reaction…. Might the 6th be the charm for a top to respect the circle? From the other side of the coin, I do see some bottoms respecting the integrity of the circle; 1997, 2002 and 2007. Of course, the 2000 top respected it.
But here's what really concerns me at this juncture:
- 1) the market might be completing a cubic structure that began with the first day of the current Pentagonal Cycle AND
- 2) the market is at the possible end of the greatest bull market in history AND
- 3) the last 3 years of a bear 17-year cycle following a 5-year bull market often result in the lowest low of the 17 years.
The best example; 1929 followed one of the greatest bull markets in history and recorded the final low three years later in July, 1932 shortly before the cycle ended in March 1933.
Lots of circumstance. Draw your own conclusions.
Jim
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