EWI reminds us that today, August 14th is "Phi Day" because it falls proportionally at 0.618 of the time from Jan 1st to Dec. 31st.
The Astro-Cycle guys are out in full force the month of August as well...
"On Friday, August 14, the very important Sun-Jupiter opposition takes place. Historically this aspect has a 75% correlation to primary or greater cycles within ten trading days. And 50% of the time, it is a 50-week or greater cycle. We are in that time band now, and the market is making a new high for the 50-week cycle. On Monday, August 17, the Sun will then be in opposition to Neptune, another Level One signature with a 74% correlation to primary or greater cycles within 13 trading days. The passage of the Sun in opposition to both Jupiter and Neptune is known as a âtranslationâ to the Jupiter-Neptune conjunction. Then, on Tuesday, August 18, Mars will form a waxing square to Uranus. This powerful signature has a 76% correlation to primary or greater cycles within 9 trading days. It will also mark the end of Mars' âtranslationâ to the Saturn-Uranus opposition, which began Monday, August 10. But note that Mars, Jupiter, and Uranus are present during this cluster, especially August 14-18. This could get interesting."
Yes, that would be an "ideal" C=A.
Only problem is that the OIH loves to find support at the 40 day MA on the Daily charts. Run the 40, and you will see what I mean.
And dont forget next week starts the .382 retracement peiod in terms of time from the all time high to the March low. I wish i had a good daily chart to count it out and pin it down closer , but for that reason im expecting a decent top in the next 2 weeks.