PatternWatch Market Calls
On 2/2/07 we correctly forecast that the Dow, SPX, and NASDAQ would make a short-term top at 12,700, 1450, and 2512, decline to 12,030, 1380, and 2390 within a month, and then rally to their 75-year final bull market tops at 14,050, 1580, and 2880 within several months.
On 10/15/07 we categorically stated that the previous week's highs of 14,198 and 1576 marked the final 75-year bull market highs of the Dow and SPX and "strongly advised exiting all long positions and establishing short positions."
On 5/23/08 we declared that the March-May 2008 rally was completed and forecast that the Dow, SPX, and NASDAQ would dedcline to at least 10,880, 1162, and 1894 by the end of June 2008.
On 8/8/08 we observed that the CCI's breaking of its long-term up trend line confirmed the peaking of the 75-year economic cycle, indicated a bursting of the global commodity bubble, and would lead to a global economic collapse! In addition, we forecast that the Dow, SPX, and NASDAQ would decline to at least 9,451, 1060, and 1894 by the end of September.
On 12/26/08 we forecast that the Dow, SPX, and NASDAQ would decline to 6904, 664, and 1100 by late January 2009.
PatternWatch Trade Performance 2007
Our 2007 trade performance was:
Average of 62 Trades 13.65%%
% Profitable: 35/62 56.50%
Average of 18 Stock Market Trades 16.02%
Our 2008 Trade Performance was:
Average of 128 Trades 42.94%
Average of 110 Stock Trades 51.51%
PatternWatch 2009 (available 12/09)
Readers are advised that this report is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. The information contained herein is based on sources believed to be reliable but is not guaranteed as accurate and does not purport to be a complete statement or summary of the available data. Opinions expressed herein are statements of judgment as of the date of publication and are subject to change without notice. Reproduction without permission is prohibited. Entities including but not limited to PatternWatch, its officers, directors, employees, customers or affiliates may have a position, long or short, in the securities referred to herein, an/or other related securities, and from time to time may increase or decrease such position or take a contra position. Past performance is no guarantee of future results. Copyright 2009: PatternWatch