According to the Elliott Wave Principle, major market turning points frequently occur at instances in time that are some Fibonacci number from a previous major market turning point.
For example...
2015 is a Fibonacci 8 years from 2007, a year marking a major market top.
2015 is a Fibonacci 13 years from 2002, a year marking a major market bottom.
2015 is a Fibonacci 21 years from 1994, the very year an Elliott 5th wave extension commenced, which, as I indicated earlier this month, marks the very area to which major indexes are likely about to collapse (see my Urgent Stock Market Forecast of September 3, 2015).
There's the picture I painted in that dour piece, describing an Elliott corrective wave unfolding in complex-to-simple fashion since Y2k .
The big question I have is whether 2015 will mark both a major market top and a major market bottom.
After giving this question some thought I find no good reason to suppose the likelihood impossible. A couple good weeks finding markets as liquidity challenged as the open on Monday, August 24, 2015 probably would do the trick.
I'm not pounding the table saying this course of events is likely. Only suggesting it is, indeed, possible, and for all the reasons I have already given.
Otherwise, 2018 is a Fibonacci 89 years from 1929, thus lending some sight to a seemingly more reasonable duration over which Ponzi's EM undressing might develop (the likes of whose commencement came in the lead-up to capitalization of the BRICS Development Bank).
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