...One very interesting implication of this chart pattern analog is that it says that the equivalent of the Sep. 3, 1929 top is ideally due Jan. 14, 2014. No one should take that Jan. 14 date literally, since I could have slid the pattern alignment fore or aft a few days and it would still look good. And the market tends to only approximate the 1929 pattern rather than repeating it precisely. In other words, expectations of precision are just not warranted. The approximate Jan. 14 date is all the more interesting in light of a couple of independent pieces of analysis by some friends of mine. Stan Harley, a former Navy F-14 pilot and author of the Harley Market Letter, has figured on Jan. 10 as an important top date candidate based on his Fibonacci cycle expansion work. And another friend, Ed Carlson, is the current living expert on the works of the late George Lindsay. Ed also targets the first half of January as the later of two likely ultimate top dates for this uptrend... So here we have 3 wholly unrelated technical disciplines altogether pointing toward a big market top in mid-January.
