DOW’S March Proportion

The ideas of the Pythagoreans were based on thoughts expressed in words and symbols. They were not based on numbers as we know them today, suggesting that proportion was used to define and develop mathematics and not vice versa. Understanding proportions, geometry or symmetry remains a key element and mathematics which does not take patterns and proportions into consideration could be further away from the predictive truth.
Proportion sticks to price and time. But unlike price, timing markets is a tougher challenge. We have been projecting prices formation over the last few years and now are juxtaposing the same with time projections, which matter more.
Building on market proportions where we left them last time, the DOW FEB end, early MAR projection we made on 16 FEB worked like clock work. And if we see it right, any bounce mid next week should be followed by a drop into 9-12 MAR time window after which DOW should witness an intermediate multi week rise.
As we anticipated, the emerging market block and other developed market indices that we cover exacerbated the weakness in the global equities and fell together. We have illustrated the anticipated and happened cases. The overall view remains negative till 9 MAR, when we will carry our next review.
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