Pick a Phi - time and price

I've floated this idea twice and been, as expected, wrong both times.  Fortunately, I bet an amount appropriate to my confidence in the DJIA projection...nothing.

The bottom the Great Depression stock market occurred on July 8, 1932 (which happened to be only a trading day or so from WD Gann's final battle of the Great War in the Air) at 40.56.  The number of days between then and today, September 22, 2016 is 30,757 days and that divided by Phi at 1.618 is 19,010.  Delta time divided by Phi projects delta price...  Well, its a thought.  If it were true then price today would be 19,051 but it isn't and wasn't when I'd floated it twice before.

Maybe Phi isn't the ideal Phi.  Well, there are many iterations of Phi depending on one's process of projection through the Fibonacci sequence.  Heck, 2 is Phi when one uses the third Fibonacci number, that being 2, divided the preceding one, that being 1.  I personally like 5 divided by 3 or 1.666 because it is not just Phi but 'la' in the diatonic scale.  Many like 8 divided by 5 or 1.625 as it is also the progression of 1/8ths.

So, we're on a roll right now with the Fed "first doing no harm."  Will we catch Phi in this roll?  Well, when you look at the scenario of Phi = 1.666, DJIA has already exceeded the number of days from July 8, 1932 till today divided by Phi; DJIA printed an intraday high of 18722 on August 15, 2016.  That's the lowest bar and it is already over-achieved.

The high bar would be theoretic Phi at 1.618 which would be just above 19,000.

A couple scenarios of Phi strung out for a couple of days into the future:

Still betting zero on this non prediction.

Jim Ross