|2015.08.14 DJIA Cycle Model Chart|
Given the DJIA cycle model prediction from 2015.07.17 shown below and on the blog, the model is performing well. Given my previous experience with cyclically structured equity models, while I'd like to state we have seen the top in the DJIA for a couple of years at least, it's prudent to reiterate that this only means that there are strong secular, decadal, and yearly/seasonal cycles converging and all pointing to lower index prices. If the Fed restarts QE, all bets are off.
|2015.07.17 DJIA Cycle Model Chart|