This figure was taken from a recent Futures Magazine article. It is a cycle forcast for the Dow and seems to be nailing this recent top. A link to the full article is given below.
Dow Turning Point
“So what is the CPO telling us today? “Long-term outlook” shows 40 years of weekly data giving us an indication that the Dow will drop through mid March and will then trend higher into May targeting the low 13,000 area. The medium-term outlook, which uses daily data, is more bullish short term but does indicate some weakness in mid to late March (see “A closer look”). The daily chart is more precise about the timing of the next major high, near the end of May. “
FindArticles - Dow turning point
Futures, Apr 2008, by Rawlins, John
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