Follow-up, July 8, 2016 and the Dow

On July 1, 2016 I made the observation that in the 84 years since the July 8, 1932 Dow bottom representing the lowest low of the Great Depression, the Dow has climbed almost the number of days divided by Phi.  Had the Dow reached 19,002 on July 2, 2016 it would have "squared" according to Phi.  Needless to say, it did not.  It would have been poet in that the squaring would have occurred in one half a Biblical 168-year, "Map of Time" period (168 years being 1/15th of a Biblical Great Week of 2520 years and the number of hours in a week of seven 24-hour days).

Obviously, the fixed period will always be too easy to be right.  I should've stuck with the observation I made the day of the Brexit vote and mini collapse, that the high wasn't in rather than double down.  Fortunately, in both cases, I did not put money where my mouth was and as I indicated in the essay on the day of Brexit.

The reason for this notation is to suggest the ultimate 45 degree angle might well be a squaring with Phi since the Great Depression low of 40.56 on July 8, 1932.  In that case, the ultimate Dow high in price, should it have occurred today, would be 19,011 by the above methodology.  That would be a 45 degree angle less I be corrected (which would be kindly, if with self-disappointment, welcomed). 

But the greater question would be, what type of reaction might we see when (if) the "Phi 45" is touched?

Jim Ross