Plus or minus .. give or take .. the stock market often expresses it's time relationships in simple Fibonacci numbers. The current "big picture" is first. At present, each of the turns may represent a simple Fibonacci number (1, 1 ,2 ,3 ,5 ,8 ,13 ,21 ,34 ,55 ,89...and so on).
|Fibonacci Numbers of Years in the U.S. Stock Market|
And, similarly, within the wave up from 2009.
|Fibonacci Number of Years in U.S. Equities|
In this case, in particular, the first corrective wave, (2), is longer than a year, and the second corrective wave (4) is shorter than a year, but both adding up to about two years. Plus-or-minus, give or take, making the whole sequence eight full years - almost approaching nine.
What I then found interesting, as we may be in that (5)th wave up, is that the current expression of time is another simple Fibonacci number.
|Fibonacci Number of Months in U.S. Equity Markets|
We are twenty-one (21) full months from the February, 2016 stock market bottom. (The first full month would have ended in March, 2016.) If a turn were to occur here, would it be a coincidence? Inquiring minds would like to know.
Enjoy the rest of your weekend.