MARKETS TO TOP OUT SOON (MEDIUM TERM TOP)

The growth sequence of DJIA for over a 100 year has been consistent along
the celebrated Phi expanding from 28.66 price level through 1.0, 1.618, 2.618...
to the 2020 crash top.


The 1896 bottom to 1973 top produced 1038.54 points advance with 1/Phi at 1929 top.
From 1973 top to 1987 top was a 1679.50 points advance
(1679.50 / 1038.54) = 1.6172 ratio

From 1987 top to 2020 crash top into a log scale gives (26821.89/10) = 2682.189 points
Compared to the 1973 - 1987 advance we have:
(2682.189 / 1679.50) = 1.59702

The progression produces a sequence (1038.54 - 1679.50 - 2682.19) in progression of 1.618
The bottoms formed from these tops also follow an expanding sequence


Indicating only the expansion ratios we see a clear progression for both the primary tops and bottoms that follow and where they end.


The next expansion suggests two uncharted tops as subdivision for the primary top...
Check back or follow for updates as we discuss the top ahead, trade safe.