The Economic Confidence Model is a theory by Martin Armstrong, that uses a 8.6 year business cycle, that is divided into 4.3 waves.
According to this theory, the last high point was on 2/24/07, and the last low was on 6/14/2011, with the next high on 10/1/2015.
The stock market hit a high on 10/9/2007 when the Dow hit 14164.
The stock market does seem to have hit a low on 10/3/2011, when the Dow closed at 10655, so this model is forecasting a boom.
Maybe the model is about 6 months off. Anyways, interesting theory, just don't use it to predict exact market timing.
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