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The Foundation for the Study of Cycles is
forecasting a big rally on the DOW from 6/12 to 8/4 followed by a big
crash from 10/28. to 1/20/09. The problem with static cycle forecasts as trading
tools is that they look excellent in retrospect but subject the trader to big
drawdown and whiplashes as the cycles mature. I believe cycles are a natural
part of any dynamic process but static cycles and synthesis of static cycles are
a flawed tool for trading.
Jim White
Pivot Research & Trading
Co.
PivotTrader.com
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