|2015.05.08 XOI.X Cycle Model Chart|
The XOI.X cycle model suggests we may have passed a local maximum in the index price, and there is strong long term pressure for lower prices going forward into October 2015. Looking at a previous iteration of the model shown below and here on the blog, note the divergence between the predicted and actual curve at the last data point. At the time, this suggested some downward pressure on the price index, which in fact occurred.
|2015.02.24 XOI.X Cycle Model Chart|