The complex topping process in the US equity markets over the last several months is depicted in what I have labelled graph two below.  The markets now appear to be falling hard after a final peak of some major indexes including the Nasdaq composite on 20/7.  Graph One show that 20 July is linked by the phi ratio to major market turning points in 1974 and 2000 (the appearance of these ratios is a key element of Elliott Wave Theory)

Stock market crashes often climax 55 days after a significant peak.  This famously was the case in both 1929 and 1987.  Guess what the date is 55 days after 20 July 2015 ??!!

Blessings,
winston

Graph One





Graph Two