During the weekend I was playing around with some different ideas I had for the long term view of the Dow Jones Industrial Index and stumbled over some very interesting Fibonacci relationships.Beginning at the 1932 bottom the first important high was in 1937 (1932 + Fibo 5), but I found some much more interesting relationships:
1932 + 34 years = 1966 (important top)
1966 + 21 years = 1987 (less important top)
1987 + 13 years = 2000 (important top for Nasdaq)
2000 + 8 years = 2008 (until now the all time high)
2008 + 5 years = 2013 possibly new all time high near 16.450 and wave "D" of the broadening top formation calling for a big decline into 2015 - 2016 with a possible very important low in 2016.
I tried to find a similar relationship with the bottoms, but I haven't found anything as nice a the relationships above, but if I find something I of cause will let you know about my findings.
