Has the Correction Started?
Posted by mturner on October 21, 2009 under Bull/Bear, Investing, Stock Market Update | 
Be the First to Comment
October 21, 2009 — The big question this evening (Wednesday) is whether or not the 170 point drop in the DJIA from the highs today, is the much forecasted (at least by me and others) start of a correction? Take a look at the Cycle Forecast Model, below:
The forecast model peaked on October 14, just one week ago. It called the market top one week in advance of the actual event (Circle A)… IF the market continues to move lower from this point. The model is forecasting that the market will continue generally lower until November 5 (Circle B). I hate to keep reminding you of this, but new subscribers are joining this distribution list every day… The above chart is a forecast ‘model’… not a forecast fact.