I would like to revisit a chart produced by the Foundation for the Study of Cycles back in August. It ran in this blog a few months later after catching the entire rally into October. Not too shabby.
Check out the red line through mid-January. Again, not too shabby.
I wanted to run this in my column in November but at the time the market was rallying and I did not want to run something that was looking to be wrong. Well, look who was wrong - and chicken. Woulda, coulda, shoulda. My editor would have been proud.
If any of you FSC people are reading this, I would love to get an update and put it in my column. Who does not want to know where and when the bottom will be made, right?