Analysis and similarities between 2008 and 2020 Nifty moves across price and time

Analysis and similarities between 2008 and 2020 Nifty moves across price and time

There is similarity across 2008 and 2020 Nifty price square roots

1.       2020 and 2008 highs

2008 High at 6357 – Square root = 79.73

2020 Hight at 12430 – Square root = 111.49

Difference in square root = 31.74  ~32 (8*4)

2.       2008 Jan and Oct lows

Jan 2008 High at 6357 – Square root = 79.73

Oct 2008 Low at 2252 – Square root = 47.46

Difference in square root = 32.27  ~32 (8*4)

3.       2008 Lows and 2020 highs

2020 Hight at 12430 – Square root = 111.49

Oct 2008 Low at 2252 – Square root = 47.46

Difference in square root = 64.03  ~64 (8*8)

4.       2020 Highs and lows

Jan 2020 Hight at 12430 – Square root = 111.49

March 2020 lows at 7511 – Square root = 86.67

Difference in square root = 24.83  ~ 24 (8*3)

At 7652 (square root = 87.48) the price difference would have been a perfect difference of 24 square root, difference of ~100 points or ~1%. The March 2020 lows are made during a global panic selling and shows the strength of panic across.

The above shows very clearly how the price points are connected by a square root esp. connected through square of 8.

On Square of nine

-          Jan 2008 high and Jan 2020 high are at 45 degree apart

-          Oct 2008 Low and Jan 2020 are only 5 degree apart

-          Jan 2020 high and March 2020 lows are 210 (180+30) degree apart

Time duration

-          12-year cycles from Jan 2008 high to Jan 2020 Highs (only 6 degree apart in stars)

-          Around one fourth (92 degree) of important 45-year cycle

-          135 degree apart for important 20-year cycle