At the
beginning of 2003 this group contemplated a 4-year market prediction. On January 30, 2003 I sent to the group
the attached prediction (see "SP 4-Yr View"). With all this talk recently about
predicting the SPX I decided to check up on how my 2+year prediction was holding
up. So I took the same market
period as shown in the old chart but this time added actual SP-500 prices. See attached "SP 4-Yr April 2005.gif"
for comparison. OK, OK, you
can nitpick that I missed the amplitude, but I amazed myself at timing the
market swings.
IF
(always a BIG "if") my prediction still holds up then we are at the start of a
very big market decline right now.
Pete