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