The Benner Fibonacci cycle is a well known study, published around 1967, and one of the few studies that have been quite precise even after it went public.
The original work of Samuel T. Benner went public around 1967, which stated this:
- Tops every 8+9+10 years starting in 1902, and then this cycle keeps repeating itself (8+9+10+8+9+10…)
- Bottoms every 18+20+16 starting from 1903 and from 1913, and then this cycle keeps repeating itself (18+20+16+18+20+16…)
Things like that are better explained when we use a simple image:
If you look back with the Dow Jones Industrial Average Chart, you will see how this cycle has been a great cycle! But we want to know if this cycle can be useful to us right now. Ok, this is how the Benner Fibonacci goes on:
Believe it or not, this cycle has been able to forecast the strong uptrend that began in 1995, the Top in 2000 and the Low in 2003. The Benner Fibonacci is now suggesting a High right in 2018! This is something to consider, I guess.