Friday, June 25, 2010

Foundation for the Study of Cycles prediction

The latest marketing piece from the "Foundation" had this graph. They actually have been pretty good with this stuff but I do have a problem with the late July rally being of that magnitude.


Anyway, the red line is their prediction and the black like is reality. Perhaps we get a false breakdown of the head-and-shoulders? We'll see.

2 comments:

佳燕 said...

Poverty is stranger to industry.....................................................................

PecosWill said...

Well, the markets rallied strong in July, so the chart was not far off. Dont forget the S&P hit 1127 by August. Early July was a good buy.