By: Jeff Cooper
Hit and Run Morning Stock Report: August 19th, 2022
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Wheels Within Wheels
The stock market is like a jigsaw puzzle.
The picture only comes together as the pieces fall into place.
But the one thing different about the market picture is that, in addition to the pattern, there is the time factor.
And although the time factor is right in front of our eyes for the taking, often it doesn’t become apparent until “ripe”.
For example, in 1929 there was a primary top on September 3rd. There was a secondary top on April 16, 1930.
The time between these two tops is SEVEN months and 13 days.
If our recent high holds, the period from January 4, 2022, to August 16, 2022, will be SEVEN months 12 days.
The market was not open on January 3 this year, but if the high had been then, it would have been the same days of the month(s) too.
The 3rd and the 16th.
You can’t make this stuff up.
As well the secondary high in 2008 was SEVEN months 8 days after the primary high
Gann wrote that 7 is the fatal number and the number of TIME.
When you combine this with the fact that the Jan 2022 peak is 7 squared YEARS (49 years) from the big January 1973 pre-crash peak, it seems like a lot of sevens are being dialed in like the wheels in the back of a cosmic clock.
And what are cycles if not part of a cosmic clock?
Additionally, the rally to the May 2008 secondary top in the SPX was 44 trading days and the rally to the June 1990 secondary top in the Nikkei was 43 days.
The current rally to the August 16, 2022 high is 40 trading days.
Today would be day 43 if we should make a new high.