by Chris Waltzek
GoldSeek Radio
Peter
Eliades of Stockmarket Cycles, presents an intriguing scientific
discovery – his work has uncovered a formula that appears to govern
financial market mechanics, in particular, the US equities market.
According to the findings, a particular angle of ascent or slope has
lead to a market zenith for nearly 14 consecutive years. He presents the
precise slope angle and a simple means to calculate the trendline
(slope = 68.3 / 238 days = 0.28584) for virtually any forecasting chart.
Since 2002, the market has failed to close over 1.1% beyond the
trendline and then subsequently declined sharply. On Monday, May 4th,
the model registered a key stock market top, with the proviso that no
construct is perfect.
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